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Asian markets rise as trade talks are "10%" away from agreement

  • Regular
  • Asian Market
  • 7 months ago
  • 111

According to the U.S. Chamber of Commerce executive, Myron Brilliant, “Ninety percent of the deal is done, but the last 10% is the hardest part,” referring to the current trade negotiations with Beijing which have boosted Asian indices for today’s session.

The mainland Chinese Shanghai Composite gained 0.1% while the Shenzhen Composite traded lower by 0.8%, the Hang Seng in Hong Kong climbed by 0.8%.

The Tokyo based Nikkei 225 increased by 0.7% while the South Korean Kospi advanced by 0.4% along with Taipei’s TAIEX and Singapore’s STI, both gaining 0.1%.

Down under the ASX 200 also enjoyed gains by closing the session higher by 0.6%.

 

 

 

Source: Smart Trend Team