Most of the Asian market indices are trading higher in early deals on Friday taking cues from the overnight gains on Wall Street amid optimism over improvement in United States-China trade relations after President Donald Trump said he had a ‘very good’ conversation with Chinese President Xi Jinping about trade. Investors now look ahead to the US Labor Department's closely-watched employment report for the month of October to be released later today. Japan’s Nikkei soared, tracking overnight gains on Wall Street. Among the other Asian markets, Singapore, Hong Kong, South Korea, Shanghai, and Malaysia are in positive territory. Bucking the trend, Indonesia and Taiwan are lower.
Nikkei 225 jumped 359.08 points or 1.63% to 22,046.73, Straits Times added 22.58 points or 0.73% to 3,083.43, Hang Seng surged 610.18 points or 2.34% to 26,026.18, KOSPI Shares increased 51.43 points or 2.48% to 2,075.89, Shanghai Composite gained 31.41 points or 1.19% to 2,637.65, and FTSE Bursa Malaysia KLCI up by 0.24 points or 0.01% to 1,707.16.
On the flip side, Jakarta Composite dropped 5.72 points or 0.10% to 5,830.20 and Taiwan Weighted down by 14.54 points or 0.15% to 9,830.20.
