Asian markets mostly up ahead of trade talks, Trump fears ease
Asian markets mostly rose Wednesday before keenly awaited trade talks between China and the United States, while early worries over a double whammy for Donald Trump also eased.
While not expecting a major deal when officials from Beijing and Washington meet, investors are hopeful they can find a way out of the months-long row that has seen tariffs imposed on billions of dollars of goods and stock markets tumble.
Recent comments from US Commerce Secretary Wilbur Ross, signaling plans to delay a final decision on whether to impose duties on auto imports, have also provided some cheer.
Tokyo and Hong Kong both ended 0.6 percent higher, while Seoul and Taipei each put on 0.1 percent and Wellington closed up 0.5 percent. Manila and Jakarta were also well up.
However, Shanghai finished 0.7 percent down while Sydney shed 0.3 percent, with political uncertainty in Canberra adding to selling pressure.
(read more: The Jakarta Post)