According to ShenChao TechFlow, Anderson, the co-head of fixed income and foreign exchange research at Danske Bank, indicated that after positive news from the China-U.S. trade negotiations over the weekend, the trend of improving market risk appetite since last week is expected to continue this week.
Anderson pointed out that the overall market showed signs of improved risk sentiment over the past week, mainly due to preliminary signs of easing in the trade war. U.S. Treasury Secretary Basant stated that the discussions between the two sides were productive, and revealed that more details would be announced by the U.S. on Monday.