Asian markets traded mostly higher in early deals on Thursday, as the ongoing Trump-Xi summit in Beijing spurred optimism about a de-escalation in trade tensions and a potential trade truce. Rally in technology stocks kindled the local indices. Hang Seng advanced followed by rise in capital inflows from mainland Chinese investors through the Stock Connect scheme has provided consistent demand. Stock market of Indonesia is closed for Ascension Day.
Hang Seng rose by 133.56 points 0.51% to 26,522.00, KOSPI Index added by 28.63 points or 0.36% to 7,872.64, Taiwan weighted wilted by 322.93 points or 0.78% to 41,697.43, and FTSE Bursa Malaysia KLCI index down by 1.31 points or 0.08% to 1,747.62.
On the flip side, Nikkei down by 385.11 points or 0.61% to 62,887.00, Straits Times dipped by 16.65 points 0.33% to 4,987.31, and Shanghai Composite decreased by 33.23 points or 0.78% to 4,209.34.
