Asian stocks rejoice on trade optimism from Trump comments
There are a couple of positive narratives that is helping risk sentiment on the day as Huawei CFO was granted bail and Trump saying that he would "intervene" in the case if it would help to secure a trade deal with China. He also then talked up the recent positive developments between US and China on the trade front and that is helping market confidence and is giving rise to risk assets on the day.
Japanese stocks are the ones leading gains in Asia as a result with the Nikkei recovering to its best levels since last Thursday. Meanwhile, the Hang Seng is also up by 1.5% currently. Chinese equities are less buoyant though as they are trading at session lows, but still up by around 0.1% on the day.
Meanwhile, E-minis are trading to session highs currently as they are up by 0.6%. That is still helping to keep yen pairs steady with USD/JPY holding around 113.44 currently ahead of European trading.
