The US and China governments have confirmed that the countries will continue the trade talks again in October. The parties will seek to form a favourable dialogue in order to proceed with the trade negotiations.
According to Wall Street Journal, Chinese Vice Premier Liu He, Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin spoke by phone on Thursday morning Bejing time. Both countries are in the process of raising tariffs if there is no new agreement.
The news was well received by the financial markets and the Asian shares were trading up on Thursday. Nikkei-index was up 2,42 % to 21 148 points, the Hang Seng in Hong Kong up 0,24 % to 26 586 points and the CSI in Shanghai +1,17% to 3952 points.
The dollar was trading up 0,18% to 106,57 yens. The UK sterling was trading down 0,09% to 1,22 dollars after the Brexit votes on Wednesday in London. The UK Parliament decided to block the no-deal Brexit and to prevent the snap elections as well. The voting means that the UK can extend the trade talks with the EU at the end of January 2020.