Asia is winning the trade war—at least as far as stock markets are concerned

• US Futures to this morning early trading after S & P 500 Rose 2% on Thursday. It’s great, but the wider markets in the world speak aloud and clearly announced by President Trump’s “Free Day” on Trade: Most trade markets are better than the Western. Others, like Tateix in Japan, even in positive territory.

Japan’s topix is ​​in a positive territory in the last six months, at 0.37% for the period. This is an example of a global trend in equity markets: Asian indexes are better than the major US markets. The more 50 years in India are within a percentage point of going positively at the same time.

The US’s S & P 500, however, remained 6% of that time, dragged underwater by reducing the amount of dollars and the Trump Administration War.

Another example: in the past 30 days, the good 50 with 1.7%; S & P fell 5% at the same time.

In the last 24 hours, however, there are new signs of life in the US S & P 500, bowand Nasdaq all At least 1% of the graduating markets on Thursday while investors continue to hope the Trump administration softens the trading agenda.

Strong earnings, especially from MobileAmerican Airlines, Southwest, and Hasbroalso helps drive profits. Good vibes continue to Asia and Europe this morning, and the future of us is also in green.

Here’s a snapshot of the current action:

• The S & P 500 Rose 2%, pointing to the third straight day of profits. (TRUE TEST: Down PA PA 6.75% YTD.)
• The Nasdaq Composite is 2.74%.
• Pirasat is at about 7%.
• US Futures Contracts for S & P 0.49% this morning, pre-opening bell.
• In Japan, Nikkei 225 is in 1.9% this morning.
• Hong Kong’s Hang Seng Rose 0.3%.
• ChinaThe main indexes of the flattening index.
• Stoxx Europe 600 is in 0.35% of early trading.
• FTSE in the UK 100 Positive positive this morning, up 0.15% of early trading.

How damaging the capital flight in US markets?

Goldman Sachs put some number in a short letter to the “Flight of Foreign Investors’ clients worth $ 0 Well, while other regions generally continue to buy US stocks.”

No mystery is why investors move their money to the east: it’s Trump. In a typically arch note to clients this morning, UBS Global Wealth Management Chief Economist Paul Donovan wrote: “China said it was not negotiating with the US over trade. Things was talking to is a secret, apparently). Things like this might possibly be contributing to the economically damaging levels of uncertainty. “

This story originally shown Fortune.com

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