Published:  12:57 AM, 14 September 2018

Global trade hopes lift shares, Turkey test awaits

Global trade hopes lift shares, Turkey test awaits Men walk past an electronic board showing market indices outside a brokerage in Tokyo, Japan. -Reuters

World markets calmed after signs of movement in the US-China trade stand-off and ahead of major central bank meetings on Thursday, including emerging market trouble spot Turkey.

News that US President Donald Trump's administration had reached out to Beijing for a new round of trade talks had helped Asia rally after several torrid weeks that has included the region's longest losing streak since 2000.

Shanghai, Tokyo, Jakarta stocks all gained around 1 percent and Hong Kong's Hang Seng finished up 1.8 percent as China's yuan also edged higher in the currency markets.

Washington's invitation got the thumbs up from Beijing and follows threats from Trump to impose tariffs on practically all imports from China in the absence of concessions.

Europe moved higher too, with 0.2-0.6 percent rises for German, French, Italian and Spanish shares offsetting a weaker FTSE in London which was dragged down by struggling oil and tobacco stocks.

-Reuters, London

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