Some of Asia's biggest stock indexes rallied on Friday after the Chinese government hinted that it would rather push through with trade dispute negotiations instead of clapping back against the United States.
According to CNBC, robotics leader Fanuc soared by 2.73 percent, Japan's Nikkei 225 added 1.19 percent, Australia's S&P/ASX 200 saw gains of 1.49 percent while the Topix index hiked by 1.46 percent. South Korea's Kospi also saw gains of 1.78 percent, and SK Hynix stocks edged up by 5.59 percent.
Experts noted that the rallying of Asian stocks was supported largely by the positive reaction of investors to the news that China seeks negotiations instead of retaliation that could further dampen outlooks.
Earlier on Thursday, spokesman for the Chinese Ministry of Commerce, Gao Feng, stressed that Beijing is seeking a resolution to the year-long spat with Washington. He said the Chinese side wants to "solve this problem with a calm attitude."
Feng further noted that Beijing will "firmly reject" any sort of escalation to the trade dispute, adding that the delegations from both sides have been in "effective" communication.
While oil prices slightly went on Friday's afternoon trading, some experts are still looking at gains for Monday's trading as long as the two warring sides keep dropping positive vibes to Asian markets.
Shortly after Feng's statements reached the media, the Western stocks reacted, with the Dow Jones Industrial Average gained 1.3 percent, the Nasdaq Composite increased by 1.5 percent, and the S&P 500 hiked 1.3 percent.
Other U.S. stocks also reacted positively to the news. Caterpillar saw gains of at least 0.8 percent, Micron Technology edged up 3.5 percent, Deere closed with 2.5 percent more than the previous session. Even troubled Boeing increased gains by 0.8 percent.
Partner at Seven Points Capital, Michael Katz, noted that markets will definitely react to whatever goes on with the China-U.S. trade war. As was shown over the past months since the dispute started, markets go the same way the two sides choose.
Katz noted that U.S. President Donald Trump cares a lot about what markets do and how they react to the news. He said, for now, investors should wait for the president's next move or how long his positive vibes will last.
European stocks also hiked along with Asian and American futures despite a whole month of volatility. The Stoxx Europe saw gains for the second straight day, but some analysts noted that it's too early to celebrate.
Until the trade war officially ends, analysts said, markets will remain wary and investors will be anxious about their every move.
