Asian Stocks to Gain Amid Trade Optimism, M&A

Asian Stocks to Gain Amid Trade Optimism, M&A

The Edge Markets - Malaysia·2019-11-26 07:28

(Nov 26): Asian stocks looked set to gain Tuesday amid optimism over U.S.-China trade talks and a fresh wave of merger and acquisition activity. The yen weakened and the dollar edged higher.

Futures in Japan and Hong Kong were higher in early trading. Australian shares edged up at the open. U.S. futures were little changed. The S&P 500 Index, Dow Jones Industrial Average and Nasdaq Composite Indexes reached all-time highs Monday, with tech shares leading gains. Among the M&A deals, Charles Schwab Corp. agreed to buy TD Ameritrade Holding Corp., while LVMH is purchasing Tiffany & Co. Treasuries were little changed.

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