Asian stocks mostly rise after Trump delays tariffs

Thursday, 12. September 2019 08:04

Asian shares were mostly higher toward the end of the session on Thursday after United States President Donald Trump announced that tariffs set for October 1 will be postponed by two weeks "as a gesture of good will." A report by Bloomberg said that China is considering to resume purchases of US farm products, including soybeans and pork, as well for its retaliatory tariffs.

Meanwhile, Governor of the Bank of Japan, Haruhiko Kuroda, met with Prime Minister Shinzo Abe and the two "exchanged views," without discussing monetary policy.

The Nikkei 225 climbed 1.02% at 7:40 am CET. South Korea's Kospi was closed for a holiday.

The Shanghai Composite increased 0.37% at 8:00 am CET as the Shenzhen Composite gained 0.40%. Hong Kong's Hang Seng was the only index in the negative, sliding 0.39% at 8:02 am CET.

Australia's S&P/ASX 200 was up by 0.18% at 8:02 am CET.

The dollar rose 0.15% against the yen to sell for ¥107.9835 at 8:03 am CET.

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Breaking the News / NI