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 |
