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South Korea's KOSPI rose on Friday as hopes for easing U.S.-China trade tensions boosted appetite for risk assets. The Wall Street Journal reported that U.S. Treasury Secretary Mnuchin discussed lifting some or all tariffs on Chinese imports, and Chinese Vice Premier Liu He is due in Washington on Jan.
30-31 for trade talks. The won and bond yields also edged up.
Easing U.S.-China trade tensions could revive Chinese demand for U.S. farm goods, which is supportive for soybeans and other feed ingredients. The effect on grain prices here is indirect, and the report itself is a market wrap.
stockopedia.comJan 18, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
