Most of the Asian markets are trading in green in early deals on Thursday after a report that the US had proposed a new round of trade negotiations with China quelled fears that a dispute between the world’s two largest economies was spiraling out of control. Japan’s Nikkei rallied to near two-week highs after news of a fresh round of trade talks between China and the United States lifted risk appetite, triggering buying in stocks which are sensitive to demand in China. Upbeat Japanese core machine orders for the month of July also boosted sentiment. Among the other Asian markets, Malaysia, South Korea, Hong Kong, Singapore, Shanghai, and Indonesia is higher. Bucking the trend, Taiwan is in negative territory.
Nikkei 225 rose 214.08 points or 0.94% to 22,818.69, Hang Seng jumped 384.38 points or 1.44% to 26,729.42, Straits Times added 4.57 points or 0.15% to 3,129.22, KOSPI Index gained 2.16 points or 0.09% to 2,285.08, FTSE Bursa Malaysia KLCI spurt 3.98 points or 0.22% to 1,789.23, Shanghai Composite increased 3.70 points or 0.14% to 2,659.81, and Jakarta Composite up by 53.78 points or 0.92% to 5,851.93.
On the flip side, Taiwan Weighted was down by 8.45 points or 0.08% to 10,714.12.
