Asian markets gained in early trading Thursday, as investors focused on optimistic signs ahead of Saturday’s meeting between Presidents Donald Trump and Xi Jinping at the G-20 summit in Japan.
Early Wednesday, U.S. Treasury Secretary said a trade deal with China was “90% of the way there,” and that he was confident Trump and Xi would make inroads to restarting negotiations. On Thursday, the South China Morning Post reported the U.S. and China have tentatively agreed to a tariff truce in order to resume trade talks, and that an official announcement would be made before Trump and Xi meet in Osaka.
Japan’s Nikkei
NIK, +0.83%
rose 0.8% and Hong Kong’s Hang Seng Index
HSI, +0.95%
gained 0.9%. The Shanghai Composite
SHCOMP, +0.74%
advanced 0.8% while the smaller-cap Shenzhen Composite
399106, +0.97%
rose 0.9%. South Korea’s Kospi
180721, +0.80%
gained 0.5% and benchmark indexes in Taiwan
Y9999, +1.12%
, Singapore
STI, +0.60%
and Indonesia
JAKIDX, +0.33%
advanced as well. Australia’s S&P/ASX 200
XJO, +0.02%
edged up 0.1%.
Among individual stocks, Japan Display
6740, +18.33%
skyrocketed in Tokyo trading after a report that Apple
AAPL, +2.16%
will invest $100 million into the beleaguered company. SoftBank
9984, +3.32%
, Toyota
7203, +1.13%
and Mitsubishi UFJ
8306, +1.27%
also gained. In Hong Kong, casino operators Sands China
1928, +2.48%
and Galaxy Entertainment
27, +3.27%
rose, along with AAC
2018, +3.02%
and Sunny Optical
2382, +2.82%
. Samsung
005930, +2.66%
advanced in South Korea and Taiwan Semiconductor
2330, +2.13%
gained in Taiwan. BHP
BHP, +1.18%
and Rio Tinto
RIO, +2.21%
rose in Australia.
Source : MTV
