Asian markets are trading mostly in green in early deals on Friday tracking gains on Wall Street overnight as the U.S. and China agreed to resume trade talks later this month in an attempt to end their trade war. The Japanese market made a decent rebound and are trading with a gain of around half a percent, tracking a slightly weaker yen and the positive cues from Wall Street amid upbeat corporate earnings results. On the economic front, Japan will see July figures for department store sales on Friday. However, Chinese benchmark trading lower despite Labor Department stating that first-time claims for unemployment benefits fell in the week ended August 11. Also, the Commerce Department said new residential construction rebounded less than expected in July, while building permits rebounded. Meanwhile, Jakarta Composite remained closed for the trade today.
Nikkei 225 gained 107.10 points or 0.48% to 22,299.14, Taiwan Weighted increased 45.00 points or 0.42% to 10,728.90, Straits Times jumped 17.24 points or 0.53% to 3,229.17, Hang Seng surged 156.61 points or 0.57% to 27,256.67 and KOSPI was up by 6.42 points or 0.29% to 2,247.22.
On the flip side, Shanghai Composite was down by 10.67 points or 0.4% to 2,694.52.
