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Global Markets: Asian stocks reach four-month peak on U.S.-China trade deal hopes

Reuters  |  TOKYO 

By Shinichi Saoshiro and Tomo UetakeTOKYO (Reuters) - Asian stocks reached a more than four-month high on Wednesday, lifted by optimism that the United States and China might be able to hammer out a deal to resolve their nearly year-long trade dispute.MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 percent to its highest level since early October and Japan's Nikkei average climbed 1.3 percent to an eight-week high.China's Shanghai Composite and blue-chip CSI 300 were both up around 2 percent to multi-month highs, with IT shares leading the gains on Beijing's promise to ...

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First Published: Wed, February 13 2019. 12:24 IST