Asia stocks go up on Monday| MENAFN.COM

Thursday, 18 August 2022 10:48 GMT

Asia stocks go up on Monday


(MENAFN) Asian stocks rose on Monday across the board as buying set in after the calm of a U.S. national holiday.

Experts stated the optimism may be caused by prospects the U.S. may choose to stop Chinese tariffs, a good decision which might aid in facing inflation.

China's Commerce Ministry also declared on Tuesday that Vice Premier Liu He talked with Treasury Secretary Janet Yellen about managing economic rule amid the two biggest economies and maintaining the steadiness of supply chains.

In line with a declaration, it read China “expressed its concern over issues such as the removal of additional tariffs and sanctions imposed by the United States on China and fair treatment of Chinese companies." Moreover, both sides agreed to carry on their talks.

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