Asian markets ended mostly higher on Thursday after reports showed that US and Chinese negotiators are moving closer to agreeing on the amount of tariffs that would be rolled back in a phase one trade deal. Chinese shares closed higher after US President Donald Trump said trade talks with China were going very well, sounding more positive than, when he said a trade deal might have to wait until after the 2020 US presidential election. Moreover, Japanese shares ended up after Prime Minister Shinzo Abe announced a $120 billion fiscal package to support stalling growth in the world's third-largest economy.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,899.47 | 21.35 | 0.74 |
Hang Seng | 26,217.04 | 154.48 | 0.59 |
Jakarta Composite | 6,152.12 | 39.24 | 0.64 |
KLSE Composite | 1,563.58 | 2.65 | 0.17 |
Nikkei 225 | 23,300.09 | 164.86 | 0.71 |
Straits Times | 3,174.19 | 14.40 | 0.46 |
KOSPI Composite | 2,060.74 | -8.15 | -0.39 |
Taiwan Weighted | 11,594.65 | 84.18 | 0.73 |