Asian stocks closed in green on Tuesday amid improved risk appetite as trade-war worries eased following reports that the US and China are willing to negotiate trade-related issues and avert a potential trade war. Stressing that negotiations with China are ongoing, US Treasury Secretary Steven Mnuchin said in an interview on Fox News on Sunday that he is ‘cautiously hopeful’ a trade agreement can be reached. Chinese Premier Li Keqiang also indicated that the US and China should maintain negotiations to avoid a trade war. Japanese shares led regional gains as the yen lost ground for a second straight session on the back of improved risk appetite. Further, Chinese shares snapped a four-session losing streak as tech stocks surged after recent losses on Facebook's data security issues.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,166.65 | 32.93 | 1.05 |
Hang Seng | 30,790.83 | 242.06 | 0.79 |
Jakarta Composite | 6,209.35 | 9.18 | 0.15 |
KLSE Composite | 1,862.45 | 2.54 | 0.14 |
Nikkei 225 | 21,317.32 | 551.22 | 2.65 |
Straits Times | 3,439.35 | 26.89 | 0.79 |
KOSPI Composite | 2,452.06 | 14.98 | 0.61 |
Taiwan Weighted | 10,986.79 | 146.74 | 1.35 |
