Most of the Asian equity benchmarks are trading higher on Tuesday on account of developments surrounding hopes of a phase one trade deal between United States and China. As per reports, US is considering to remove some existing tariffs on imports of Chinese goods as a step to reach an initial deal with China that would resolve the ongoing trade war between these nations. Japan's Nikkei is trading higher amid optimism revolving around the US-China trade deal. Among the Asian markets, Singapore, Hong Kong, South Korea, Taiwan, Shanghai and Indonesia are in positive note. Bucking the trend, Malaysia is in negative territory.
Nikkei 225 up 474.66 points 2.08% to 23,325.43, Straits Times enhanced 9.99 points or 0.31% to 3,246.39, Hang Seng increased 147.19 points or 0.53% to 27,694.49, Taiwan Weighted rose 40.45 points or 0.35% to 11,597.30, KOSPI Index widened 6.75 points or 0.32% to 2,136.99, Jakarta Composite rose by 38.50 points or 0.62% to 6,218.84, and Shanghai was up by 20.17 points 0.68% to 2,995.66.
On the flip side, FTSE Bursa Malaysia KLCI was down by 3.84 points or 0.24% to 1,599.72.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: