Stocks in Asia set to gain on hopes of potential US-China trade deal

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Stocks in Asia set to gain on hopes of potential US-China trade deal
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Shares in Asia were set to see opening gains on Friday as investors await more details about a potential trade deal between China and the U.S.

Shares in Asia were set to see opening gains on Friday as investors watched for more details about a potential trade deal between China and the U.S.

Overnight on Wall Street, the Dow Jones Industrial Average advanced 166.50 points to close at 26,384.63 and the S&P 500 gained 0.2% to finish its trading day at 2,879.39. The Nasdaq Composite, on the other hand, posted a 0.1% loss and closed at 7,891.78. The two economic powerhouses have been locked in an ongoing trade fight, imposing tariffs on billions of dollars worth of each other's goods since 2018, leaving stock markets rattled and raising concerns over the global economy.

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