Market Optimism Rises with Trade Talks

Investor sentiment in the Asia-Pacific region received a significant boost following United States President Donald Trump's confirmation that trade negotiations between the US and China have commenced. This development has led to a noticeable uptick in major stock markets across the region.

Japan's Inflation and Market Performance

Adding to the positive market mood, the Japanese Statistics Bureau reported an increase in Tokyo's annual inflation rate to 3.5% in April. Reflecting this optimism, Japan's Nikkei saw a substantial rise of 1.87%, while Hong Kong's Hang Seng and South Korea's Kospi also posted gains of 1.26% and 0.94%, respectively.

China and Australia Markets

In mainland China, the Shenzhen Composite and the Shanghai Composite experienced growth, with increases of 0.80% and 0.14%. Meanwhile, Australia's S&P/ASX 200 remained closed for a holiday. The dollar also strengthened against the yen, marking a 0.76% gain.