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US-China trade hopes lift shares

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LONDON: Signs of movement in the US-China trade stand-off and a bumper interest rate hike in emerging market trouble spot Turkey sent world shares higher on Thursday as risk appetite returned. News that President Trump’s administration had put out feelers to China for a new round of trade talks had rallied Asia after several torrid weeks that included the region’s longest losing streak since 2000. Shanghai, Tokyo, Jakarta stocks all gained around 1% and Hong Kong’s Hang Seng finished up 2.5% as China’s yuan also edged higher.

Europe followed, with 0.2-0.6% rises for German, French, Italian and Spanish shares offsetting a FTSE in London.




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