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6/19, 7:50 AM (Source: TeleTrader)
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Asia stocks higher on trade talks optimism

Stock markets in the Asia-Pacific traded with gains on Wednesday as investors' concerns for the global economy were eased by United States President Donald Trump's announcement that trade talks between his country and China will resume tomorrow. The resumption of trade negotiations was first confirmed by China's President Xi Jinping as it was revealed the two heads of state will meet for "extended" talks during next week's G20 Summit in Osaka. Meanwhile, Japan announced on Wednesday that its exports fell 7.8% in May compared to the previous year.

Later in the day, the United States Federal Reserve is set to announce its interest rate decision and hold a press conference. European Central Bank (ECB) officials will also be making statements in regard to the state of the economy as they are taking part in the Sintra Forum.

The Nikkei 225 rose 0.95% at 7:43 am CET.

In China, Hong Kong's Hang Seng surged 3.46% at 7:46 am CET, led by WH Group, AIA Group and Tencent Holdings. The Shanghai Composite was 1.43% higher and the Shenzhen Composite jumped 2.11%, both at 7:47 am CET.

The Kospi gained 1.13% at 7:47 am CET.

Australian S&P/ASX 200 rose 1.21% at 7:48 am CET.

The dollar declined 0.09% compared to the yen, going for 108.3575 at 7:48 am CET.

Breaking the News / VP