Chinese shares and the yuan strengthened on Friday on signs Beijing and Washingt...
SHANGHAI/HONG KONG - Chinese shares and the yuan strengthened on Friday on signs Beijing and Washington might still be able to avert a trade deal collapse, though confidence was fragile less than an hour before a planned U.S. tariff hike on Chinese goods takes effect.
Higher tariffs on Chinese goods are set to take effect at 0401 GMT Friday. While Asian markets were higher, investor confidence is expected to remain fickle and driven by news headlines. The smaller Shenzhen index was up 1.8 percent and the start-up board ChiNext Composite index was higher by 2.1 percent.
The soft fix came after a tariff war-inspired sell-off in the spot market on Thursday, although traders had expected it to come in even lower.
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