Asian stocks jump as China announces October trade talks

Thursday, 05. September 2019 07:35

Major Asian stock market indexes jumped on Thursday after China said the next round of its trade talks with the United States will take place in October, but pointed out that consultation will be held in September following a phone call between China's Vice Premier Liu He and US Trade Representative Robert Lighthizer. Investors also paid attention to the situation in Hong Kong after Chief Executive Carrie Lam officially withdrew the extradition bill that was the trigger for anti-government protests in the Chinese autonomous region.

The Nikkei 225 surged 2.43% at 7:29 am CET.

Hong Kong's Hang Seng gained 0.70% at 7:26 am CET while mainland China's Shenzhen Composite and Shanghai Composite rose 2% and 1.73%, respectively at 7:30 am CET.

South Korea's Kospi was up 0.94%% at 7:33 am CET and Australia's S&P/ASX 200 gained 1.03% at the same time.

The dollar was 0.19% higher compared to the yen, going for 106.5925, at 7:34 am CET.

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Breaking the News / VP