Trump warns China ‘not easy' as trade talks enter second day
7:34AM
Good morning
Thanks for joining me. Donald Trump said it was 'not easy' dealing with China but insisted he had received 'good reports' about trade negotiations between Washington and Beijing officials in London. Here is what you need to know as talks enter a second day.
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What happened overnight
Asian shares were mixed on Tuesday as investors kept an eye on the 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 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 0.2pc to 38,177.71, while the Kospi in South Korea jumped 0.3pc to 2,865.24.
Hong Kong's Hang Seng fell 0.2pc to 24,127.30 and the Shanghai Composite index was down 0.5pc to 3,384.47. In Taiwan, the Taiex surged 2.1pc to 22,242.14.
Australia's S&P/ASX 200 advanced 0.8pc to 8,587.20.
On Wall Street, the Dow Jones Industrial Average was flat, at 42,761.76, the S&P 500 rose 0.1pc, to 6,005.88. and the Nasdaq rose 0.3pc, to 19,591.24.
In the bond market, the yield on benchmark 10-year US Treasury notes fell to 4.478pc from 4.494pc late on Sunday.
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