Asian stocks mostly higher amid rekindled trade deal hopes

Wednesday, 27. November 2019 03:26

Equities in the Asia-Pacific region traded mostly with gains on Wednesday as investors' hopes for a months-long trade disputed between the world's two largest economies were buoyed by the latest updates on negotiations.

President Trump claimed earlier that Washington and Beijing are in "final throes" to strike a phase one deal, although he later noted that he is holding the deal up, making sure it is "good."

The Nikkei 225 added 0.37% at 3:16 am CET, while the South Korean Kospi advanced 0.31% at the same time

In China, the Shanghai and Shenzhen composites lost 0.33% and 0.49%, respectively, at 3:17 am CET on the back of China's industrial profits plummeting 9.9% in October year-over-year, to reach fresh eight-year low. Meanwhile, the Hang Seng traded flat.

Australia's S&P/ASX 200 gave a solid performance, rising 0.83% at 3:19 am CET.

The dollar was 0.06% up against the Japanese yen, selling for 109,1085 at 3:20 am CET.

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Breaking the News / GG