The major Asian stock indexes were trading surprisingly and cautiously higher at the start of Thursday trading sessions, with Japan’s Nikkei being their only exception, which is posting a slight loss.
Even with limited gains, uncertainties surrounding the global economic outlook in addition to the ongoing U.S. and China trade situation, it helps to underpin prices as the strong earnings are being driven performance in the major U.S. stock indexes on Wednesday.
Shares in Japan, on the other hand, are being pressured by Wednesday’s weak Trade Balance data, suggesting that the slow economy in China could be the reason to spread on the Asian nation. Having a dovish outlook from the Bank of Japan could also add weigh on sentiment.
Major concerns regarding Asian investing would be the U.S, - China relations remaining fragile on concerns about the upcoming high-level meeting on January 30-31, which could be canceled.
Investors remain nervous despite White House economic advisor Larry Kudlow’s denial that an official meeting had been canceled.
Taking a look to U.S. stock market, investors set aside concerns about U.S. and China trade relations, weakening global economy to focus on earnings, which is something that shift in investor sentiment paid off as it have buyers responding to strong quarterly earnings from important companies to send the Dow higher.
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