U.S stock futures rise 1 percent, Asian shares bounce after Xi’s speech
A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 14, 2018. REUTERS/Andrew Kelly
SINGAPORE (Reuters) – U.S. stock futures extended their gains and rose more than 1 percent in Asian hours on Tuesday as remarks by Chinese President Xi Jinping helped soothe investor jitters over U.S.-China trade tensions.
The S&P 500 E-mini futures rose 1.0 percent, and Asian shares also pushed higher, with the MSCI’s broadest index of Asia-Pacific shares <.MIAPJ0000PUS> gaining 0.5 percent on the day.
(Reporting by Masayuki Kitano; Editing by Shri Navaratnam)