Asian shares rose as investors anticipated potential near-term rate cuts by the Federal Reserve and upcoming trade talks between Washington and Beijing, which could help resolve the trade war between the world's top two economies.
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NewsTranscript
00:00Welcome back. Continuing our coverage on the trade war,
00:04shares in Asia firmed up as investors await potential near-term rate cuts
00:09by the Federal Reserve as well as planned trade talks between Washington and Beijing.
00:15The talks later this week could mark the first step in resolving a potentially damaging trade war
00:21between the world's top two economies.
00:24In Japan, the benchmark Nikkei 225 climbed 0.23% after the stock market opened in the morning.
00:33Meanwhile, in South Korea, the benchmark Korea Composite Stock Price Index, KOSPI,
00:39opened up 0.29% to 2,581.27 points.
00:45However, China's Shanghai Composite SSE Index opened down 11.46 points or 0.34%.
00:55Senior Economics Lecturer at Monash University, Dr Isaac Gross,
01:00shares his insight on the issues plaguing the current state of economy.
01:04I think the biggest issue facing the economy is not the decision of any firm or business or even a central bank.
01:14It's ultimately about forecasting what Donald Trump's going to do.
01:17So you almost need a degree in psychology more than a degree in economics
01:20to forecast what's going to happen with the economy.
01:22And I think that's probably close to what the Federal Reserve is thinking as well.