Asia trades mostly higher as Japan implements stimulus

Thursday, 05. December 2019 07:31

Equities on Asian markets traded mostly higher on Thursday after Japan announced it will boost its economy with a $120 billion stimulus package. Bank of Japan board member Yutaka Harada asserted it has a positive impact on Asia's second-largest economy. The report said that the Chinese government may implement economy measures as well, aiming to secure jobs amid trade tensions between Beijing and Washington.

Meanwhile, United States President Donald Trump stressed that the negotiations with China are progressing "well."

The Nikkei 225 closed the session gaining 0.71% while the Kospi in South Korea fell 0.39% at the closing bell. Chinese stock markets traded higher with the Shenzhen Composite surging 1.29% at 7:30 am CET, while the Hang Seng added 0.48% at 7:30 am CET and the Shanghai Composite rose 0.62% at 7:15 am CET. The S&P/ASX 200 in Australia finished the session on Thursday jumping 1.16%.

The dollar was flat against the Japanese yen, changing hands for 108.8245 at 7:30 am CET.

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