Asia-Pacific markets were set for a mixed open on Friday as investors weighed the state of the economy after the truce between U.S. President Donald Trump and his Chinese counterpart Xi Jinping.
Both parties reached a trade truce during a high-stakes meeting in South Korea on Thursday, de-escalating a dispute over rare earth elements that had threatened to push the world’s two largest economies into a full-blown trade war.
“Both sides appear to be maintaining leverage for future negotiations by keeping these measures as bargaining chips,” said JPMorgan Asset Management’s global market strategist, Chaoping Zhu.
Japan’s Nikkei 225
futures pointed to a stronger open, with the contract in Chicago at 51,635 and its counterpart in Osaka at 51,540, compared to the previous close of 51,325.61.
