Asia-Pacific Markets React Positively to China's Policy Shift

On Tuesday, major Asia-Pacific markets experienced mostly positive trading amid new economic data from the region and the recent announcement of new economic measures by the Chinese Communist Party.

China's General Administration of Customs reported a significant increase in the trade surplus, reaching $97.44 billion in November. This news followed the Chinese Politburo's announcement of plans to adopt a "moderately loose" monetary policy and a more proactive fiscal approach next year. This marks the first change in China's economic policy stance since 2011.

Japan's Nikkei 225 grew by 0.39% at 7:14 am CET, while Australia's S&P/ASX 200 lost 0.36% at the close of its trading sessions. South Korea's Kospi advanced by 2.33% at 7:15 am CET. In mainland China, the Shenzhen Composite improved by 1.70% and the Shanghai Composite gained 0.79% at 7:16 am CET. Hong Kong's Hang Seng rose by 0.08%. On the currency front, the dollar decreased by 0.12% compared to the Japanese yen, trading for ¥151.0305 at 7:17 am CET.