Asian equity markets ended in green on Thursday as trade tensions faded and commodities rallied on optimism about global economic growth. While the dollar continued to trade in a narrow range against the yen, oil prices held near 3-1/2 year highs after reports that top oil exporter Saudi Arabia would be happy to see crude prices surge up to $100 a barrel over the coming months. Chinese shares ended higher, led by gains in material and energy stocks. Further, Japanese shares hit a seven-week high after Prime Minister Shinzo Abe and US President Donald Trump said they had agreed to intensify consultations for expanding investment and trade between the two longtime allies.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 3,117.38 | 25.98 | 0.84 |
Hang Seng | 30,708.44 | 424.19 | 1.40 |
Jakarta Composite | 6,355.90 | 35.90 | 0.57 |
KLSE Composite | 1,895.18 | 15.86 | 0.84 |
Nikkei 225 | 22,191.18 | 32.98 | 0.15 |
Straits Times | 3,598.73 | 40.91 | 1.15 |
KOSPI Composite | 2,486.10 | 6.12 | 0.25 |
Taiwan Weighted | 10,971.22 | 123.33 | 1.14 |
