APAC STOCKS TALKING POINTS:
- Major indexes were all in the green Tuesday.
- There remains some sense that China and the US will keep talking on trade.
- Yen strength is starting to worry about Japanese policymakers again.
Stocks were broadly higher on Tuesday afternoon in Asia with investors clearly encouraged by the more hopeful tone emanating from Washington and Beijing.
In truth, the situation between the two remains somewhat opaque. Donald Trump said on Monday that China had indicated a willingness to return to the conference table. A Chinese spokesman seems to have cast doubt on whether any contact took place but the country has hoped that ‘calm’ negotiations can still take place.
Still, a lack of overt hostility between the two is clearly enough for stock investors at the moment. Big-name financial and industrial bellwethers such as Japan’s Softbank and South Korea’s SK Hynix both rose sharply. The Nikkei 225 was up 1.2% as afternoon trade kicked off. The Kospi added 0.7% while the Shanghai Composite was 1.7% higher. Hong Kong’s Hang Seng was the notable laggard, just in the green with a 0.1% rise. Political tensions remain high in the restive territory with capital flight a rising worry. Read more on Dailyfx.com