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Asian markets end mostly higher on Tuesday

17 Dec 2019 Evaluate

Asian markets ended mostly higher on Tuesday after a top White House economic adviser, Larry Kudlow said the phase 1 trade deal between Washington and Beijing has been absolutely completed, adding that US exports to China will double under the agreement. Washington will also reduce some tariffs on Chinese imports in exchange for an about $200 billion increase in Chinese purchases of agricultural, manufactured, and energy products over the next two years. Chinese industrial production and retail sales came better than expected also boosted market sentiment. Japanese shares hit over one-year high, tracking Wall Street's run to a record closing high on renewed optimism over the Sino-US phase 1 trade deal.

Asian Indices

Last Trade           

Change in Points

Change in %

Shanghai Composite

3,022.42
38.03
1.27

Hang Seng

27,843.71
335.62
1.22

Jakarta Composite

6,244.35
32.76
0.53

KLSE Composite

1,576.95

7.60

0.48

Nikkei 225

24,066.12
113.77
0.47

Straits Times

3,200.80
-5.29  
-0.16

KOSPI Composite

2,195.68
27.53
1.27

Taiwan Weighted

12,097.01
157.24
1.32

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