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Asian markets trade higher in early deals on Monday

09 Jun 2025 Evaluate
Asian markets traded higher in early deals on Monday, kindled by the risk appetite in the market as the trade-conflict tensions eased ahead of Sino-US further talks and on better-than-expected US jobs data. Beijing granted temporary approvals for rare earth exports and US-based Boeing resumed commercial jet deliveries to China, signalling a potential easing in trade tension. Additionally, concerns about deflation and weak domestic demand got diminished after China's consumer prices indicated less than expected dip. Market sentiments also improved after US President Trump and South Korean President Lee Jae-myung agreed to begin negotiations on a new tariff deal, which is expected to benefit Korea’s export sectors like semiconductors, autos, and shipbuilding. Japan’s Nikkei extended gains to second straight session with the positive global cues. Hang Seng rebounded from losses in the prior session and marked a 12-week high. Stock market of Indonesia is closed for Eid al-Adha. 

Nikkei 225 up by 338.60 points or 0.90% to 38,082.98, Straits Times rose by 6.59 points 0.17% to 3,940.88, Hang Seng added by 240.87 points 1.00% to 24,033.41, Taiwan Weighted higher by 116.91 points or 0.54% to 21,777.57, KOSPI Index increased by 42.87 points or 1.52% to 2,854.92, Shanghai Composite climbed by 7.90 points or 0.23% to 3,393.26, and FTSE Bursa Malaysia KLCI buoyed 3.07 points or 0.20% to 1,519.86.

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