Asia-Pacific stocks rally on fresh trade optimism

Friday, 18. January 2019 07:37

Equities in the Asia-Pacific region traded higher on Friday as investor optimism grew stronger on signals of a breakthrough in trade talks between Beijing and Washington. Earlier this morning, Bank of Japan Governor Haruhiko Kuroda was cited as saying he expects the US-China trade dispute to end by the end of 2019. Meanwhile, it was reported US Secretary of the Treasury Steve Mnuchin was pushing for a policy of easing regarding levies on certain Chinese goods.

Japanese Nikkei 225 ended the session 1.29% higher, while the South Korean Kospi Composite rose 0.65%. China's Shanghai Composite increased 1.40% at 7:32 am CET, while Shenzhen Composite jumped 1.40% at the same time. Hong Kong's Hang Seng was up 1.22% at 7:34 am CET.

Australia's S&P/ASX 200 was 0.50% higher at the closing bell. Meanwhile, the dollar gained 0.11% against the yen, to go for 109.35 at 7:36 am CET.

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