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After China's trade comments soothe the market nerve, Asian markets advance



Hong Kong Hang Seng Index ( HSI ) rose 0.8%, while the Chinese Shanghai Composite Index ( SHCOMP ]) increased by 0.5%.

Caspians from South Korea won 1.7%. Japan's Nikkei also rose 1.1%.

Markets in the region decreased due to concerns about the state of trade relations. US President Donald Trump said earlier this week that China had called and wished to return to the negotiating table, a conversation the Chinese Foreign Ministry said was unfamiliar.

But the Chinese Ministry of Commerce said Thursday that the country is ready to resolve trade concerns with a "calm attitude". Spokesman Gao Feng added that the two sides are still talking.

"The most important thing now is to create the conditions necessary for the two parties to continue negotiations," he added.

This positivity, however mild the nerves in the United States ̵

1; is a mood that seems to carry over to Asia.

"It doesn't sound like much," says Jeffrey Halley, senior market analyst at Asia Pacific for Oanda. But given the "volatility" of markets earlier in the week, he suggested that investors "would probably continue to radiate to the exit door" without comment from China.

The US-China trade dispute "remains the only game in town" for investors around the world, he added in a research note.

The two countries announced each other's tariffs, which are set to go into effect on Sunday. 19659004] Here are some other talking points in Asia at 10:30 AM Hong Kong Time:

  • The Bank of Korea kept its interest rate unchanged at 1.5% on Friday, in line with market expectations. Central Bank says it will "closely monitor" US-China trade war and other economic risks weighing in on how to make monetary policy decisions in the future.
  • Investors look for data on US personal income and personal expenses later on Friday,
  • ICBC, the world's largest total assets bank, jumped with 2.5% in Hong Kong after reporting a 4.7% increase in net profit in the first half, with its Shanghai-listed shares up 0.2%.

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