Qatari Investors Are Optimistic About Tillerson's Efforts to Solve the Gulf Crisis
- Qatari bonds, stocks post best 3-day rally in more than a year
- Increased tension would reverse gains: Arqaam, Legal & General
StanChart Says Qatar Markets Performing Well
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Investors are buying into the latest U.S. reconciliation effort in the Persian Gulf, lifting Qatari assets even as a month-long dispute with the nation’s Arab neighbors shows few signs of resolution.
U.S. Secretary of State Rex Tillerson is in the midst of his second trip to the region since a Saudi Arabian-led bloc of Arab countries severed diplomatic ties with Qatar in June, as well as most travel and trade, on allegations the nation supports terrorism. Qatar, which denies the claims, saw its assets extend gains on Thursday after Tillerson said its positions were "reasonable" and the two countries signed an agreement to combat terrorism.