Market

Asian Markets Rally as US-Japan Trade Talks Show Significant Progress

Asian Markets Respond Positively to US-Japan Trade Talks

Following optimistic remarks from United States President Donald Trump regarding "big progress" in trade talks with Japan, major stock exchanges in the Asia-Pacific region experienced notable gains on Thursday. This development has significantly uplifted the market sentiment across the region.

Key Economic Indicators Released

Amid the positive trade news, Japan reported its trade balance, while Australia unveiled its latest unemployment figures, adding another layer of economic data for investors to consider.

Market Performances Across Asia

In mainland China, the Shanghai Composite saw a modest increase of 0.08%, with the Shenzhen Composite not far behind, growing by 0.26%. Hong Kong's Hang Seng led the charge with a substantial surge of 1.55%, and South Korea's Kospi Composite also marked an advance of 0.69%. Meanwhile, Australia's S&P/ASX 200 and Japan's Nikkei 225 rose by 0.59% and 0.81%, respectively. The dollar also saw a slight increase against the yen, trading 0.45% higher.