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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