Asia-Pacific Markets on the Rise

Investor sentiment across the Asia-Pacific region received a significant boost following US President Donald Trump's confirmation of ongoing trade discussions between the United States and China. This optimism was reflected in the upward movement of major stock markets during Friday's afternoon session.

Economic Indicators Show Positive Trends

The Japanese Statistics Bureau added to the positive outlook with its report indicating that Tokyo's Ku-area annual inflation rate climbed to 3.5% in April, signaling robust economic activity.

Market Performances Highlight Regional Growth

Japan's Nikkei led the charge with a 1.87% increase, while Hong Kong's Hang Seng and South Korea's Kospi followed closely with gains of 1.26% and 0.94%, respectively. Mainland China's Shenzhen Composite and Shanghai Composite also posted positive movements, rising by 0.80% and 0.14%. Meanwhile, Australia's S&P/ASX 200 remained closed for a holiday.

Currency Movements: The dollar saw a notable increase against the yen, gaining 0.76% to trade at ¥143.6925.