Asian markets mostly up with eyes on banker summit

Equities have been struggling in recent weeks due to the continuing standoff between the US and North Korea, which has been compounded by Thursday's terror attack in Barcelona.

Asian markets mostly up with eyes on banker summit

World Bulletin / News Desk

Most Asian markets rose on Tuesday ahead of a closely watched meeting of central bankers later in the week, although concerns linger about Donald Trump's economic agenda and about geopolitical crises.
 
The US president's woes have fuelled speculation he will struggle to push through his market-friendly economy-boosting policies that  fanned a global market rally in the months after his November election.
 
The loss of top adviser Steve Bannon last week and talk that a leading member of his finance team could also leave have added to his problems.
 
"My sense is that the outlook for the US, and thus the economy and the Fed, is clouded for many traders and investors because of the uncertainty around the Trump presidency and its agenda," said Greg McKenna, chief market strategist at AxiTrader.
 
However, investors mostly moved back into buying mode Tuesday, sending Hong Kong more than one percent higher in the afternoon. Sydney closed up 0.4 percent, Singapore rose 0.6 percent and Seoul ended up 0.4 percent. Shanghai added 0.1 percent.
 
There were also gains in Taipei but Tokyo ended 0.1 percent off.
 
London opened 0.6 percent higher, Paris put on 0.5 percent and Frankfurt was 0.7 percent up.
 
Markets were little moved by Trump's speech clearing the way for the deployment of thousands more troops in Afghanistan, backtracking from a promise to pull US troops out of the 16-year conflict.

Güncelleme Tarihi: 23 Ağustos 2017, 09:17
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