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MTS Futures News_PM_20180921

21 Sep 2018

• Asian stocks extended gains on Friday thanks to Wall Street scoring all-time highs, as investors gravitated to the view that the latest exchange of tariffs between the United States and China may be less damaging than initially feared.

A rally in Chinese markets helped lift the MSCI’s broadest index of Asia-Pacific shares outside Japan 1.15 percent, buoyed in part by expectations that Beijing will pump more stimulus into its economy to weather the trade war. The MSCI index has rebounded 4.6 percent from a 14-month low on Sept. 12.

• Japanese stock indexes hit multi-month highs on Friday as ebbing concerns about global trade tensions and bullish views on the U.S. economy supported commodities and manufacturing firms.

The Nikkei share average gained 0.8 percent to 23,869.93, the highest close since Jan. 24. The next milestone is the 24,129.34 level hit on Jan. 23, a break of which would put the index at its highest since November 1991.

• China’s stock markets surged on Friday before a long holiday weekend, with investor sentiment boosted by hopes that a government effort to boost domestic demand could help offset effects of an escalating trade war.

The Shanghai Composite Index gained 2.5 percent to 2,797.48 points. It was the Shanghai index’s best week since March 2016.

Reference: Reuters, CNBC

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