![]() The Shanghai Composite and the Shenzhen Component rose 0.3% and 0.2% respectively in morning trade, while Hong Kong’s Hang Seng Index jumped 1.5%. President Donald Trump told Reuters in an interview that he would consider intervening in the case, and would meet with President Xi Jinping if needed to move forward on trade negotiations. ![]() Meanwhile, market sentiment improved after Canada granted bail to Meng Wanzhou, CFO of China’s Huawei, who was arrested last week at the behest of the U.S. Nissan also climbed 1.6% despite a recent scandal involving former Chairman Carlos Ghosn. Asian automakers surged following the news, with Yamaha Motor jumped 5.32%, Mitsubishi Motor rose 3.21%, while Toyota inched up 2.02%. ![]() Asian stocks rose in morning trade on Wednesday following reports that China would cut tariffs on cars made in the U.S.Ĭhina is cutting tariffs to 15% from the current 40%. ![]()
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