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Asian markets settle higher on Monday

12 May 2025 Evaluate
Asian markets settled higher on Monday after China and the United States touted substantial progress on their trade talks. They had agreed a 90-day pause to the deepening trade war that has threatened to upend the global economy. The United States would reduce the tariff on Chinese imports to 30% from its current 145%, while China would lower its import duty on American goods to 10% from 125%. Market sentiments also boosted following the ceasefire between India and Pakistan over the weekend. 

Asian Indices

Last Trade            

Change in Points

Change in %      

Shanghai Composite

3,369.24

27.24

0.81

Hang Seng

23,549.46

681.72

2.89

Jakarta Composite

--

--

--

KLSE Composite

--

--

--

Nikkei 225

37,644.26

140.93

0.37

Straits Times

--

--

--

KOSPI Composite

2,607.33

30.06

1.15

Taiwan Weighted

21,129.54

214.50

1.02

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