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Asian stock markets rose on Friday, with former US President Trump saying he would meet with Liu He, China's trade negotiator and Vice Premier of the State Council; the pound was flat after rising as hopes of a possible EU withdrawal agreement rekindled in Britain.
Investors'sentiment for riskier assets has picked up, continuing to crack down on the price of safe-haven assets, yen JPY = and U.S. Treasury bonds; oil prices remain firm, as OPEC Secretary-General Balkin has said further cuts in oil supply are one of the options.
The MSCI Mingsheng Asia-Pacific (excluding Japan) index rose 1.2%, following the overnight rise in U.S. stocks. E-Mini S&P 500 Index futures rose more than 0.3%.
Australia's stock market climbed 0.8%, Japan's Nikkei index. N225 rose 1%, and China's Shanghai and Shenzhen 300 index. CSI300 rose 0.5%.
The bullish sentiment stems from the progress of the Sino-US trade talks, which Trump described as "very, very good" as the leader of the Sino-US trade talks ended Thursday's first day of negotiations for the first time in two months.
A White House official said the negotiations were progressing very well and "probably better than expected". In addition, an American Chamber of Commerce official who listened to briefings from China and the United States said that there was a possibility for the two sides to reach an agreement on the exchange rate issue.
Even before Trump's speech, hopes of reaching an agreement helped the U.S. market rise. The U.S. Dow Index. DJI rose 0.57%, the S&P 500 Index. SPX rose 0.64%, and the Nasdaq Index. IXIC rose 0.6%.
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