Stocks In Asia Pacific Trade Higher Owing To US-China Trade Progress

Stocks In Asia Pacific Trade Higher Owing To US-China Trade Progress

Recently, the stocks in the Asia Pacific were trading higher after developments in the U.S.-China trade battle. Chinese shares surge with the Shanghai Composite adding by 0.8% to 2,923.28 and the Shenzhen Component growing by 0.99% to 9,266.30, whereas the Shenzhen Composite climbed by 1.106% to 1,562.97. Hang Seng index in Hong Kong added by 0.42% during its final hour of trading. The shares of cosmetic producer L’Occitane climbed over 5%, with Nomura advancing the stock to procure. In the meantime, the S&P/ASX 200 in Australia advanced by 0.77% to end at 6,776.70 since most sectors saw gains.

In Japan, the Nikkei 225 index close by 0.41%, higher at 21,709.57, whereas the Topix index surge by 0.4% at 1,575.09. However, in South Korea, the Kospi crashed by 0.91% to close at 2,082.30. The shares of LG Display declined by 3.81% following the firm posted a larger-than-anticipated second-quarter operating loss. The firm also stated it is looking to expand its supplier base in the middle of the ongoing diplomatic battle between Seoul and Tokyo that has seen Japan placing export limitations on important materials to South Korea. In this week, South Korea asked Japan to drop its plan to eliminate the former from its white list of minimum trade limitations.

On a related note, the White House’s Kudlow is hopeful on the U.S.-China trade talks and agriculture buys. Larry Kudlow—White House’s Economic Advisor—called it a good indication that main US officials would be visiting China to discuss reviving stopped trade talks, and said he anticipated Beijing to start purchasing US agriculture products soon. In phone calls with Chinese conciliators, Robert Lighthizer (US Trade Representative) and Steven Mnuchin (Treasury Secretary) had mentioned the need for Beijing to purchase more US agricultural products.

David Sandefur

David Sandefur has gained a lot of experience in business and market analysis. He is one of the top assets for Chemical Industry Reports news portal. He is assigned with the title of “Gem” owing to his efficient way of managing the allotted responsibilities. He is competent in expressing terminologies and concepts related to business, finance, market, and industries. He had worked as a business analyst in the production industry for almost 4 Years with a total experience of 7 Years. These qualities and experience have served him the role of leading the columnists’ team at Chemical Industry Reports news portal. He has accomplished his Master’s degree in Accounts.

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

Breast Cancer Research Can Develop Therapies For Lung Cancer

Fri Jul 26 , 2019
According to an MSU (Michigan State University) scientist, innovative research in a genetic mutation role in breast cancer can open new options for treatment in lung cancer. Eran Andrechek—Physiology Professor at College of Human Medicine—said, “We sorted the whole genome of breast cancer samples and discovered a compelling mutation that […]
Breast Cancer Research Can Develop Therapies For Lung Cancer