Asian stock markets erased morning losses and are now trading slightly higher as markets take a breather after rallying this week on optimism over China-US trade talks and the Federal Reserve’s softer tone on interest rates.
Investors also digested official data that China's inflation for December came in below expectations.
Oil stocks are trading higher after crude oil prices gained more than 5% overnight.
Delegations from China and the US ended three days of trade talks in Beijing on a positive note. This was the first face-to-face negotiations since both sides agreed a 90-day truce in the ongoing trade war that has disrupted the flow of hundreds of billions of dollars of goods, as per media reports.
Elsewhere in Asia, Shanghai, South Korea, Singapore, New Zealand, Hong Kong and Taiwan markets are trading lower, while Indonesia and Malaysia markets are modestly higher.
Investors also digested official data that China's inflation for December came in below expectations.
Oil stocks are trading higher after crude oil prices gained more than 5% overnight.
Delegations from China and the US ended three days of trade talks in Beijing on a positive note. This was the first face-to-face negotiations since both sides agreed a 90-day truce in the ongoing trade war that has disrupted the flow of hundreds of billions of dollars of goods, as per media reports.
Elsewhere in Asia, Shanghai, South Korea, Singapore, New Zealand, Hong Kong and Taiwan markets are trading lower, while Indonesia and Malaysia markets are modestly higher.
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