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Asian markets end mostly higher on Thursday

27 Jun 2019 Evaluate

Asian markets ended mostly higher on Thursday as comments from US Treasury Secretary Steven Mnuchin generated optimism about a potential US-China trade deal. US Treasury Secretary Steven Mnuchin told the US and China had nearly completed a deal before talks broke down last month. However, he didn't shed any light on the sticking points to achieving the final 10 percent and refused to speculate on whether a deal would be completed. Separately, US President Donald Trump voiced optimism over the possibility of a trade agreement with China but said he is still considering imposing ‘very substantial’ tariffs on all Chinese imports if the two countries were unable to reach a deal during the G20 meeting that starts Friday. Chinese shares ended higher as investors digested positive industrial profits data and signs of a truce in the Sino-US trade war. Further, Japanese shares rose sharply amid the dollar hit one-week highs against the yen as investors cheered signs of a truce in the Sino-US trade war.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

2,996.79
20.51
0.69

Hang Seng

28,621.42
399.44
1.42

Jakarta Composite

6,352.71
42.22
0.67

KLSE Composite

1,672.70

-1.79

-0.11

Nikkei 225

21,338.17
251.58
1.19

Straits Times

3,328.60
27.35
0.83

KOSPI Composite

2,134.32
12.47
0.59

Taiwan Weighted

10,773.90
121.35
1.14

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