Asian Shares Gain As Investors Await China-US talks

Hong Kong: Asian shares were mostly higher on Tuesday as investors kept an eye on China-US trade talks that might help stave off a recession. A second day of talks was planned after US and Chinese officials met in London for negotiations over various issues.

The hope is that they can eventually reach a deal to reduce painfully high tariffs against each other. Most of the tariff hikes imposed since US President Donald Trump escalated his trade war are paused to allow trade in everything from tiny tech gadgets to enormous machinery to continue.

In Asian trading, Tokyo’s Nikkei 225 gained 1% to 38,473.97, while the Kospi in South Korea jumped 0.9% to 2,881.40.