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Asian markets reverse losses as Trump agrees talks on free trade deal

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Hong Kong - Most Asian markets reversed earlier losses on Thursday as the US said it would renegotiate its free-trade deal with Canada and Mexico, soothing fears of a trade war after reports said President Donald Trump was considering leaving the pact.

Equities across the region started the day in the red following four days of gains and as traders assess the chances of Congress passing massive tax cuts unveiled Wednesday.

The White House said all three countries would revise the 22-year-old North American Free Trade Agreement (NAFTA) swiftly.

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ZAR/USD
17.54
(+0.10)
ZAR/GBP
22.98
(+0.04)
ZAR/EUR
20.66
(-0.01)
ZAR/AUD
12.59
(+0.05)
ZAR/JPY
0.17
(-0.04)
Gold
2034.54
(+0.03)
Silver
28.27
(+0.11)
Platinum
961.50
(+0.38)
Brent Crude
44.55
(-1.53)
Palladium
2166.01
(+0.63)
All Share
56757.73
(-1.56)
Top 40
52435.65
(-1.72)
Financial 15
9897.96
(+0.10)
Industrial 25
74671.49
(-1.98)
Resource 10
58948.78
(-1.89)
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