Hong Kong (CNN Business)Asian markets have been see-sawing this week on signals from US-China trade negotiations, and mostly edged up on Friday after fresh signs that the two countries are working to hammer out a deal. Japan’s Nikkei 225 (N225) rose 0.4%. South Korea’s Kosp index (KOSPI) edged up 0.2%. Hong Kong’s Hang Seng Index (HSI) also gained 0.3%. China’s Shanghai Composite Index (SHCOMP) was the outlier, losing 0.5%. “Asian equities caught a dose of the trade flu at the start of the week and appear to be recovering today,” Jeffrey Halley, senior market analyst for Asia Pacific at Oanda, wrote in a note. The Wall Street Journal reported Thursday that China’s top trade negotiator Liu He had invited his US counterparts to Beijing for a new round of face-to-face talks, which Chinese officials hope can take place before next week’s Thanksgiving holiday. Major indexes in Asia tumbled earlier in the week, as investors reacted to multiple media reports that the United States and China may not be able to reach a “phase one” deal until next year. President Donald Trump also told reporters on Wednesday that he is not ready to make a deal with China because he didn’t… Read full this story
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