Asian stocks rise as trade war worries worsen
BEIJING (AP) — Asian stocks gained Monday amid investor jitters the U.S.-China trade war might be worsening.
Benchmarks in Shanghai and South Korea rose while Hong Kong and Australia were unchanged. Japanese markets were closed for a holiday.
Investors were encouraged by hopes global central banks will keep interest rates low to shore up economic growth. But they worry President Donald Trump’s impending Sept. 1 tariff hike on more Chinese imports will scuttle talks aimed at ending their trade war.
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