Forex Marketz Daily Forex News – Fully Markets Update
The Asian equity markets were broadly higher by the afternoon, Hong Kong time. Asian traders are optimistic as positive comments are being heard out of the trade talks between the United States and China.
Talks are ongoing in the U.S. capitol of Washington DC.
The benchmark Nikkei 225, in Japan, was up 0.95 percent. The broader Topix index, in Tokyo, was up over half a percent. Shares of the parent company that own Uniqlo soared nearly four percent. The company reported that they saw a record profit for the third quarter.
In South Korea, the Kospi composite index was up 0.93 percent.
Elsewhere in the Asian and Pacific Rim, the Australian S&P ASX 200 was trading up by 0.7 percent by lunchtime.
On the mainland, in China, the Shanghai composite was trading up by 0.2 percent. The smaller Shenzhen composite added a fraction of a percent and the Shenzhen component was trading higher as well.
In Hong Kong, the Hang Seng index was trading up 1.1 percent as shares of CNOOC surged 3.13 percent on the day.
Asian Traders Monitor Trade War Headlines between the U.S. and China
High level trade meetings between the United States and China finished their first day of trade talks on Thursday. This was the first time these two countries have met in over two months.
The negotiators expressed optimism that they could reach a way to ease trade tensions. These would include a delay by the White House in raising tariffs at the end of the day on Sunday.
President Donald Trump told reporters that the U.S. trade team had a “very, very good negotiation with China.” Trump also said that he plans to meet with China’s Vice Premier Liu at the White House later today. Traders are hoping for some form of a breakthrough at that time.
