Saturday, 31 March 2018

Asian stocks rise but trade war concerns "will linger for a while"

Most major markets were closed on Friday.

In Asia, the Nikkei 225 rose 1.4 percent while the Shanghai Composite rose 0.3 percent.

"The initial market response to President Trump's proposed tariffs on China was an overreaction," Shane Oliver, head of investment strategy and chief economist at AMP Capital, wrote in a recent note. He expected China and the US to reach a negotiated solution such that the trade tariffs and investment restrictions "will ultimately be very modest, if at all".

However, he added that in the meantime, "market nervousness around this issue will linger for a while".

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