Asian markets ended higher on Tuesday, supported by optimism over ongoing trade talks between the United States and China, the world's two largest economies. Trump and Chinese President Xi Jinping are set to participate in the Asia-Pacific Economic Cooperation meetings in Chile during mid-November, where many are anticipating first phase of the trade deal to be signed between the two countries. Hopes of upbeat earnings results from major companies this week also boosted sentiment. Chinese shares ended higher after official data showed house prices in majority of the Chinese cities increased in September. On a monthly basis, house prices increased in 53 cities out of 70. Meanwhile, Japanese markets are closed for a public holiday.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,954.38 | 14.76 | 0.50 |
Hang Seng | 26,786.20 | 60.52 | 0.23 |
Jakarta Composite | 6,225.50 | 26.51 | 0.43 |
KLSE Composite | 1,574.09 | 3.16 | 0.20 |
Nikkei 225 | - | - | - |
Straits Times | 3,160.67 | 21.52 | 0.69 |
KOSPI Composite | 2,088.86 | 24.02 | 1.16 |
Taiwan Weighted | 11,271.25 | 87.10 | 0.78 |
