Asian markets mostly flat on trade deal signing

Thursday, 16. January 2020 04:43

Equities on Asian markets traded mostly flat on Thursday after the United States and China signed the phase one trade deal. As part of the deal, Bejing promised to spend $200 billion more than in 2017 on American goods. US Vice President Mike Pence informed that phase two deal negotiations have already begun.

Earlier today, South Korea revealed its intentions to improve inter-Korean relations by starting bilateral projects with North Korea, with hopes to aid denuclearization talks. Meanwhile, a Bank of Japan report showed the country's factory-gate inflation rate rose 0.1% in December.

Japan's Nikkei 225 was flat at 4:34 am CET, with the dollar flat against the yen, going for ¥109.9245 at the same time.

Hong Kong's Hang Seng traded flat at 4:34 am CET while in mainland China the Shanghai Composite lost 0.2% at 4:30 am CET, while Shenzhen Composite stood flat.

South Korea's Kospi Composite gained 0.2% at 4:38 am CET, meanwhile the Australian S&P/ASX 200 was 0.57% in the green.

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