Asian markets ended mostly higher on Tuesday after Trump hints possibility of a trade deal with China, saying he believed China was sincere in its desire to reach an agreement. Chinese shares ended higher as Chinese officials called for the resolution of trade dispute with the US and as a report showed China's industrial firms returned to profit in July. Profits at China’s large industrial firms recovered in July, posting year-on-year growth of 2.6%, following a decline of 3.1% slump in June. Japanese shares ended up after Trump said the US had no plan to imminently impose new tariffs on autos imported from Japan. However, Hong Kong shares declined after protests turned violent in the western New Territories district of Tsuen Wan.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,902.19 | 38.62 | 1.35 |
Hang Seng | 25,664.07 | -16.26 | -0.06 |
Jakarta Composite | 6,278.17 | 63.66 | 1.02 |
KLSE Composite | 1,590.84 | -9.69 | -0.61 |
Nikkei 225 | 20,456.08 | 195.04 | 0.96 |
Straits Times | 3,067.52 | 2.19 | 0.07 |
KOSPI Composite | 1,924.60 | 8.29 | 0.43 |
Taiwan Weighted | 10,387.23 | 32.66 | 0.32 |
