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Asian markets end mostly higher on Thursday

05 Dec 2019 Evaluate

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

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