Trade war fears have been hanging upon the world for weeks now and while the tension, luckily, never escalates into the actions that will surely touch the economies of virtually every country in the world markets are going up and down with every declaration from either side.

For example, yesterday, after Chinese President Xi Jinping gave a keynote speech at Asian economic forum Boao. There Chinese president claimed that the current policy of American government is unacceptable and very representing of the Cold War which looks not-in-place in the modern world where the policy of being open is more preferable.

Stocks were waiting for this speech in order to grow and the influence on the markets is healing. Asian stocks and indices went up although equities market is looking slightly worse with major currencies being down.

“Human society is facing a major choice to open or close, to go forward or backward. In today’s world, the trend of peace and cooperation is moving forward, and the Cold War mentality and zero-sum-game thinking are outdated” said Jinping. With this Asian markets together with precious metals, Treasuries and shares in the region are looking better and recovering from the hits.