Asian markets higher amid trade optimism

Thursday, 05. December 2019 04:24

Equities in Asian stock markets traded mostly higher on Thursday as investors focused on the United States President Donald Trump's statement that trade talks with Beijing are "going well." In China, the Foreign Ministry said it won't impose a deadline on the trade deal with the US.

Meanwhile, in Japan, Prime Minister Shinzo Abe announced a ¥13 trillion ($120 billion) fiscal package to help the country's economy.

The Nikkei 225 index gained 0.69% at 3:30 am CET. The Shanghai Composite increased by 0.40% at 4:02 am CET and the Shenzhen Composite Index rose by 0.69% at 4:16 am CET. The Hang Seng was 0.30% higher at 4:18 am CET. The Kospi in South Korea dipped 0.51% at 4:20 am CET. The S&P/ASX 200 in Australia jumped 0.91% at the same time.

The dollar was flat compared to the Japanese yen at 4:23 am CET, trading for 108.8415.

Related Links: 
Author:
Breaking the News / MS