All the Asian equity indices are trading higher in the early deals on Tuesday as news that the US and China are open to negotiating to avert a trade war put investors in a buying mood, setting off a rebound on Wall Street. Japan’s Nikkei share average rose as worries about a trade war eased on optimism that the United States and China could begin negotiations, helping trade-exposed sectors such as chip manufacturers. Meanwhile, Hong Kong stocks rose as investors welcomed signs that the US and China were in talks to avert a full-blown trade war.
Nikkei 225 rose 460.01 points or 2.22% to 21,226.11, FTSE Bursa Malaysia KLCI gained 4.15 points or 0.22% to 1,864.06, Straits Times added 18.25 points or 0.53% to 3,430.71, Hang Seng jumped 277.69 points or 0.91% to 30,826.46, Taiwan Weighted surged 125.23 points or 1.16% to 10,965.28, Jakarta Composite spurt 37.79 points or 0.61% to 6,237.97, Shanghai Composite increased 30.3 points or 0.97% to 3,164.02, and KOSPI Index up by 14.84 points or 0.61% to 2,451.92.
