Economic news

Asian stocks rebound though trade war concerns persist

Asian stocks erased earlier declines on Tuesday as China’s securities regulator promised to enhance market liquidity although anxiety prevailed due to fears of further escalations in the Sino-U.S. trade dispute.

Photo: Reuters

MSCI’s broadest index of Asia-Pacific shares added 0.3 percent. The main Asian gauge has fallen 12 percent this month and is set for its largest October loss since 2008.

Japan’s Nikkei surged 1.5 percent. South Korea’s Kospi ticked 0.2 percent higher and Australian stocks were flat.

In mainland China, the Shanghai Composite and the blue-chip CSI 300 jumped to 1.0 percent and 1.1 percent, respectively, reversing earlier declines in a volatile trading. The Hang Seng Index in Hong Kong slumped 0.9 percent.

Nobody can state the equity markets reached the bottom as global investor sentiment remains cautious, analysts say.

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