Asia-Pacific equities rise on trade optimism, strong data

Friday, 29. March 2019 07:41

Stock markets in Asia were finishing the Friday's trading session higher bolstered by the trade-related optimism. China previously stated the trade negotiations with the United States were in "full swing," as media reported Beijing was getting ready to give foreign firms wider access to its tech market. White House economic adviser Larry Kudlow was slightly more cautious, stressing Washington was ready to wait months for a "great deal."

In Mainland China, the Shanghai Composite jumped 3.13% at 7:35 am CET while the Shenzhen Composite which traded 3.55% higher at 7:37 am CET. Hong Kong's Hang Seng rose 1.01% concurrently with Shenzen.

In Tokyo, aided by strong data, the Nikkei 225 increased 0.82% at 7:15 am CET. The dollar traded 0.03% higher against the yen, to go for ¥110.6690 at 7:40 am CET.

South Korean Kospi Composite grew 0.59% at 7:32 am CET. Australia's S&P/ASX 200 advanced 1.02% at 7:39 am CET.

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Author:
Breaking the News / MD