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Source: Common Domain

Asian markets race to gains on renewed trade-deal hopes

Tuesday 03:19 GMT

Asian markets were broadly higher Monday on signs that the U.S. and China were closing in on a trade deal after months of negotiations.

He did not give a timeframe for when negotiations might be wrapped up, but his comments fueled hopes that a wide-ranging dispute between the world’s two biggest economies could soon be put to rest. Speaking on the sidelines of the International Monetary Fund and World Bank spring meetings, Mnuchin said the U.S. and China had held phone discussions last week and he wasn’t sure if more face-to-face meetings would be needed.


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