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Asian Stocks Up, China and US talked about economic issues by Investing.com

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Gina Lee

Investing.com – Asia Pacific stock prices almost rose on Tuesday morning. On October 26, China met with US Treasury Secretary Janet Yellen on a video call about macroeconomic conditions and bilateral relations.

Japan surged 1.80% by 10:32 pm (Greenwich Mean Time 2:32 am), while South Korea rose 0.55%.

In Australia, it rose 0.17%. It will be released on Wednesday.

Hong Kong decreased by 0.24%

China is on the lookout for COVID-19 outbreaks, with China rising 0.13% and falling 0.05%. In addition, Modern Land China Co. has become the latest developer of real estate that missed debt repayment, following the China Evergrande Group.

In the United States, the debate over price pressure continues. Former Treasury Secretary Lawrence Summers said the gap between Treasury and Federal Reserve Board comments and corporate and consumer experience has widened in recent months.

“I actually believe that the gap between the Treasury and Fed statements and the daily experiences of businesses and consumers on inflation has widened in recent months. The Federal Reserve Board sees the reality of inflation. They are unlikely to handle it well until they are fully aware, “Summers said on Twitter (NYSE :).

In addition, US Democrats approached President Joe Biden’s trillion-dollar economic agenda agreement on Monday. The House of Representatives could pass a $ 550 billion infrastructure bill this week.

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Asian Stocks Up, China and US talked about economic issues by Investing.com

https://www.investing.com/news/stock-market-news/asian-stocks-up-china-and-the-us-talked-about-economic-issues-2654898 Asian Stocks Up, China and US talked about economic issues by Investing.com

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