img-news

Asia's indices rally following positive trade news

  • Regular
  • Asian Market
  • 2 months ago
  • 68

Asian indices have been making up for the disappointing session on Monday.

 

Investor sentiment was also boosted by the news that U.S. Trade Representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin are due to travel to Beijing for yet another attempt to resolve the current trade standoff between the two countries.

 

China’s Shanghai Composite rose by 0.1% and so did the Shenzhen Composite which advanced by 0.4%.

 

In Hong Kong the Hang Seng closed the session higher by 0.2% with shares of Sunny Optical and AAC gained 2.9% and 3.6% respectively.

 

Tokyo’s Nikkei 225 climbed by 0.9% as SoftBank shares rallied by 4% along with oil company Chiyoda and chip maker Tokyo Electron both gaining 5.3% and 3% respectively.

 

Over in Seoul the Kospi added 0.5% with news of Goldman Sachs endorsing chip maker SK Hynix, hence its stock rising by 0.5%.

 

Finally, Australia’s ASX 200 advanced 0.4% although the energy sector closed the exchange with mixed results.

 

 

 

Source: Smart Trend Team