Despite all the back and forth between Donald Trump and Xi Jinping's negotiating team, the US and China will eventually come to a trade agreement according to an investor.
"Now investors in China or around the world are expecting an agreement. They've been waiting since last year's end. So I think the market has rallied since that time, "he said.
The ongoing rally, he says, may continue a little, but there is also a chance to" consolidate around the current level of perhaps a few weeks. "From there, Wong said, markets will be put on another leg when Trump and Xi agreed.
Such an agreement could also have a positive impact on the real world economy, he said.
His analysis comes In the midst of the ongoing trade war between the world's two largest economies, which began about a year ago, the escalating battle has seen customs duties on goods ranging from soybeans to steel, reconciliation attempts, and Trump declares the benefits of a trade war on Twitter. eased since the presidents of both nations agreed in December to stop further tariffs while the negotiations continued.
Donald Trump tweet: Tariffs are the biggest! Whether a country that has treated the United States unfairly on Trade ne gets a fair agreement or it gets hit by tariffs. It's as simple as that – and everyone speaks! Remember, we are the "piggy bank" being robbed. Everything will be good!
The actions focus on both reducing the US and China trade deficit and eliminating some of the systemic barriers to foreign companies succeeding in Asia's largest economy.
Wong acknowledged that there were different opinions on both parties, but he said he remains positive that both parties can reach agreement.
"Talker doesn't go bad," Wong told CNBC. "The main differences are, in my opinion, visible. China wants all tariffs to be lifted and the United States wants to say in the new policy on theft and transfer of intellectual property rights."
"If both countries give bit by bit, then maybe you know that tariffs will stay a little longer, and then China will give (US) more control over policies, so they can get a final deal," he said.
Nevertheless, Wong said, the relationship between the United States and China is still rather weak.
"Both countries stand on very fragile grounds, and any sudden movement on both sides would break confidence in each other," he said. "Investors are still cautious and nervous until they can determine a date that Donald Trump and Xi Jinping can meet. Otherwise, everything can be a wildcard."