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Asian markets up led by car manufacturers

  • Regular
  • Asian Market
  • 3 months ago
  • 75

Automakers in China, Japan and South Korea all rose due to reports that Chia will ease tariffs on U.S. made cars.


The news boosted Asian stocks all across the board with Japan’s Nikkei 225 up 1.72% and the Topix index rising 1.74%.


Its automobile sector got a huge boost as Yamaha Motors powered 5.32%, Mitsubishi Motors 3.21%, Toyota up 2.02% and, despite its ongoing scandal, Nissan was up 1.6%.


South Korea’s Kospi rose 0.97% while car manufacturers Hyundai Motors jumped up 9% and Kia Motors gaining 4.6%.


China’s markets saw positive movement as the Shanghai Composite climbed by 0.36% and Hong Kong’s Hang Seng Index rallied by 1.36%.


Finally, the Australian ASX200 index inched by 0.68%.

 

 

 

Source: Smart Trend Team