Asia Markets: Asian markets surge; Chinese stocks jump as trade tensions ease

Asian stock markets jumped in early trading Friday, reflecting investor relief about upcoming trade talks between China and the U.S., as well as the dollar‘s gains against a basket of major currencies including the yen.

President Donald Trump on Thursday said he had a good talk with Chinese President Xi Jinping, and that trade talks were “moving along nicely.” The two will meet formally later this month, with investors hoping a deal will be reached to ease trade tensions.

Japan’s Nikkei NIK, +0.89% recovered after yesterday’s losses, and was last up 1%. Earnings season cast a pall on some stocks though.

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