- Title: Asian shares mixed as US-China's 'phase one' trade deal boosts confidence
- Date: 16th December 2019
- Summary: TRADER'S SCREEN SHOWING STOCK PRICES
- Embargoed: 30th December 2019 03:34
- Keywords: Asia markets Hang Seng Hong Kong Japan KOSPI Nikkei South Korea
- Location: SEOUL, SOUTH KOREA / HONG KONG, CHINA / TOKYO, JAPAN
- City: SEOUL, SOUTH KOREA / HONG KONG, CHINA / TOKYO, JAPAN
- Country: South Korea
- Topics: Economic Events
- Reuters ID: LVA002BA8583R
- Aspect Ratio: 16:9
- Story Text: Asian shares were mixed on Monday (December 16) as investors welcomed a trade agreement between Beijing and Washington over the weekend, but enthusiasm was capped by lingering scepticism about the deal.
U.S. Trade Representative Robert Lighthizer on Sunday (December 15) said a deal was "totally done", notwithstanding some needed revisions, and would nearly double U.S. exports to China over the next two years.
At the opening bell, Japan's Nikkei 225 succumbed to profit-taking, easing 0.1% after surging to a 14-month closing high on Friday (December 13). Meanwhile, Hong Kong's Hang Seng shed 0.6% on Monday, while South Korea's Kospi added about 0.1%.
The "phase one" agreement suspended a threatened round of U.S. tariffs on a $160 billion (125 billion pounds) list of Chinese imports that was scheduled to take effect on Sunday. The United States also agreed to halve the tariff rate, to 7.5%, on $120 billion worth of Chinese goods.
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