Market Pulse - Asia
President Donald Trump has signalled a weakening in US resolve to block overseas companies such as Huawei from being used in mobile networks.
Commodity prices were little changed as traders waited on fresh news out of trade talks in Washington for direction, despite the release of some weak economic data in the States and alongside figures showing record domestic US oil output.
Markets in Asia finished in a mixed state on Thursday, as traders sifted through the latest Fed minutes released stateside overnight, with shares in Hong Kong tech manufacturer Lenovo rocketing.
Most markets in Asia finished higher on Wednesday, riding a wave of positive sentiment generated by comments from Donald Trump that the looming deadline for a trade deal with China could be postponed.
US President Donald Trump said trade talks with China were going "very very well" and said he would be willing to delay the 1 March deadline that would see tariffs on Chinese products rise from 10% to 25%.
Sterling jumped on Tuesday, amid conflicting reports regarding the death of the so-called 'Malthouse Compromise' which called for the Irish backstop to be renegotiated or, failing that, for an orderly 'no deal' withdrawal.
Commodities moved higher as investors in the States returned from the long weekend and US-China trade talks got under way again in Washington D. C.
Huawei founder Ren Zhengfei said on Monday that America's arrest of his daughter, the company's Chief Financial Officer, Meng Wanzhou, was politically motivated.
Markets in Asia finished in a mixed state on Tuesday, as investors pinned their hopes for a trade truce to talks about to begin between officials from Washington and Beijing.
Chinese and US officials are set to reconvene in Washington on Tuesday to kick off a new round of talks on trade that follow positive negotiations last week in Beijing.
Asian-focused HSBC posted lower than expected revenues and profits for the final three months of 2018 as volatility in financial markets took its toll, meaning that top-line growth failed to keep up with expenses.
The Bank of Japan may be forced to consider easing monetary policy further if a stronger yen impacts on the outlook for inflation and the economy, the governor of its central bank said.
Honda is set to announce the closure of its car plant in Swindon in 2022 which could potentially leave 3,500 workers unemployed.
The markets' focus over the coming week will be on the continuing trade talks between the US and China, in Washington D. C.
It was green across most of the board in Asia on Monday, with the region led by a surge on the Chinese bourses, as investors kept a close eye on ongoing trade discussions between the US and China.
Markets in Asia ended the week on a sour note, taking their lead from Wall Street, which was on the back foot overnight after a serious decline in American retail sales.
Most markets in Asia were in the negative as they closed on Thursday, as high-level trade talks between the US and China loomed.
US and Chinese officials will resume trade talks on Thursday all through Friday as the 1 March deadline to reach an agreement moves closer.