As US President Donald Trump is planning to delay tariffs on auto imports and providing much-needed relief to the market hit by a flare-up in trade tensions and on weak US and Chinese economic data, Indian markets may rebound today.
With both Australia and South Korea little changed, MSCI’s broadest index of Asia-Pacific shares outside Japan was plane. Japan’s Nikkei fell 0.6%, with banks hurt by weak earnings.
With the S&P 500 gaining 0.58% and the MSCI’s broadest measure of world stocks springing back from a two-month low hit on Tuesday.
On Wednesday, Wall Street shares extended their return. Also, less than a week after Washington employed higher tariffs on $250 billion imports from China, US Treasury Secretary Steven Mnuchin said that he will likely travel to Beijing soon to continue the talks with Chinese counterparts.