Trade talk progress buoys Asian markets
STI breaks six-day losing streak with gains of 1.33 per cent to close at 3,099.99; gainers outnumber losers 239 to 143
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ASIAN MARKETS rode a wave of optimism to end higher on Wednesday, following several positive developments in US-China relations.
First, Canada granted bail to Huawei executive Meng Wanzhou, relieving worries that her arrest would jeopardise the truce between the US and China reached at the G-20 Summit earlier this month.
US President Donald Trump also told Reuters that he might intervene in the Huawei case if it would help achieve a trade pact with China, even though US Trade Representative Robert Lighthizer has insisted that Ms Meng's arrest is a criminal justice matter entirely separate from the ongoing tariff negotiations.
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