Asian stocks mostly higher on fresh trade optimism

Friday, 15. November 2019 03:40

The equities on Asian markets traded mostly higher on Friday after the United States and China reportedly engaged in deputy-level trade talks. White House economic adviser Larry Kudlow sparked optimism as he stated that Washington is "getting close" to reaching the so-called phase one of the trade agreement with Beijing.

Japan will be in investors' focus later on Friday as it is expected to release its industrial production results for September.

The Nikkei 225 jumped 0.71% at 3:34 am CET while the Kospi gained 1.03% at the same time. Chinese markets traded with losses as the Shanghai Composite decreased 0.37% at 3:20 am CET while the Shenzhen Composite slipped 0.54% at 3:35 am CET. The Hang Seng rose 0.24% at 3:37 am CET to bounce back from losses recorded this week. The S&P/ASX 200 increased 0.79% at the same time.

The dollar traded higher against the yen, gaining 0.13% to go for 108.5785 at 3.39 am CET.

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