Asian stocks follow US peers higher, amid lull in US-China trade tensions

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Asian stocks are climbing, carrying over the momentum from the late surge in US equities. The lull in the US-China trade conflict has prompted safe haven assets to unwind recent gains: Gold is now trading below the $1490 level, the Japanese Yen has weakened above 107.5 against the US Dollar, while yields on 10-year US Treasuries have surged past 1.70 percent.

Still, South Korea’s decision to file a WTO complaint against Japan today is reminding investors that global trade tensions remain an ongoing concern. Although market sentiment may occasionally peek out from behind the risk-off… Read More:

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