Breaking News

You are here » Indian-Commodity  :  International & World Stock  :  Asian markets trade firm as US-China trade tensions ease


Asian markets trade firm as US-China trade tensions ease

Asian markets are trading mostly in green in early deals on Monday, after fears of a trade war between the U.S. and China receded following weekend developments. U.S. Treasury Secretary Steve Mnuchin said the Trump administration would delay implementing tariffs on Chinese goods, and would put the trade war on hold while details of a trade deal are worked out. U.S. trade representative Robert Lighthizer later said the U.S. may still impose tariffs. Japanese Nikkei edged higher on better-than-expected Japanese trade surplus for the month of April. The Ministry of Finance that Japan posted a merchandise trade surplus of 625.977 billion yen in April, up 30.9 percent on year. The headline figure exceeded expectations for a surplus of 440.0 billion yen following the downwardly revised 797.0 billion yen surplus in March. Exports were up 7.8 percent on year to 6.822 trillion yen, missing forecasts for an increase of 8.7 percent but up from 2.1 percent in the previous month. Imports advanced an annual 5.9 percent to 6.196 trillion yen versus expectations for 9.8 percent following the 0.6 percent contraction a month earlier. Among the other Asian markets, Malaysia, South Korea, Shanghai, Taiwan, Singapore, and Hong Kong are trading higher. Bucking the trend, Indonesia is lower.

FTSE Bursa Malaysia KLCI gained 6.63 points or 0.36% to 1,861.13, KOSPI Index rose 8.42 points or 0.34% to 2,469.07, Shanghai Composite jumped 24.63 points or 0.77% to 3,217.93, Nikkei 225 increased 101.49 points or 0.44% to 23,031.85, Straits Times added 30.93 points or 0.87% to 3,560.20, Taiwan Weighted surged 138.22 points or 1.28% to 10,969.06 and Hang Seng up by 391.97 points or 1.26% to 31,439.88. 

On the flip side, Jakarta Composite down by 37.51 points or 0.65% to 5,745.80.

Related News

View all news

US markets end in green on Tuesday

The US markets ended the Tuesday's trade on an optimistic note with all the major indices garnering a gain of over two percentage points. The rally on Wall Street partly reflected a positive reaction to......

US markets end lower on Monday

The US markets ended a choppy trading session on negative note on Monday as an increase in tensions between Western powers and Saudi Arabia added to worries over rising borrowing costs and the impact of......

US markets end higher on Friday

The US markets ended higher on bargain hunting with the major averages bouncing off the multi-month closing lows set on Thursday. The substantial rebound by stocks also came as strong Chinese trade data......

Top News

View all news

Hero MotoCorp achieves best ever sales performance in Q2 FY19

Hero MotoCorp has achieved its best-ever sales performance for the second quarter of any financial year, selling 21,34,051 units of two-wheelers in Q2 FY19.For the period April-September 2018, Hero MotoCorp......

Mahindra CIE Automotive reports 74% rise in Q3 net profit

Mahindra CIE Automotive has reported results for third quarter ended September 30, 2018.The company has reported 73.80% rise in its net profit at Rs 42.58 crore for the quarter under review as compared......

Infosys crosses $2 billion large deal signings in Q2 FY19

Infosys has crossed $2 billion large deal signings in Q2 FY19. Besides, the company's digital revenues stood at $905 million in Q2 FY19 (31.0% of total revenues), year-on-year growth of 33.5% and sequential......