Asian Markets Respond Positively to US Legislative Progress

Stock exchanges across the Asia-Pacific region saw significant gains on Friday, buoyed by the United States Congress's advancement towards passing a crucial spending bill. This legislative progress, aimed at averting a government shutdown, has injected optimism into global markets, despite ongoing concerns over the trade war's impact.

Chinese Stocks Experience a Surge

In mainland China, the Shanghai Composite Index climbed by 1.70%, closely followed by the Shenzhen Composite's 2.18% rise. Meanwhile, Hong Kong's Hang Seng Index witnessed a remarkable 2.46% increase, showcasing the region's robust market performance.

Mixed Reactions Across Other Markets

However, not all markets shared in the gains. South Korea's Kospi Composite saw a slight dip of 0.10%. On the brighter side, Australia's S&P/ASX 200 and Japan's Nikkei 225 enjoyed increases of 0.52% and 0.83%, respectively. The dollar also saw a 0.46% rise against the yen, trading at 148.49100.