Asian markets mostly higher on trade optimism

Thursday, 12. September 2019 04:06

Markets in Asia traded with gains on Thursday on fresh trade optimism after United States President Donald Trump announced he is postponing the introduction of higher tariffs on $250 billion worth of Chinese imports by 15 days. Earlier, China decided to exempt some American products from its tariffs. Both sides described their moves as a "gesture of good will" ahead of the next round of trade talks.

The Nikkei 225 jumped 0.83% at 3:57 am CET. The dollar was up by 0.19% against the yen to sell for 108.03 at 3:58 am CET.

The Shanghai Composite added 0.24% at 3:59 am CET and the Shenzhen Composite gained 0.07% at 3:46 am CET. On the other hand, Hong Kong's Hang Seng fell 0.39% at 4:03 am CET.

In Australia, the S&P/ASX 200 increased by 0.52% at 4:03 am CET.

South Korea's Kospi was closed for a holiday.

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Breaking the News / NP