Asia-Pacific Markets Respond Positively to Trade News

Investors across the Asia-Pacific region showed renewed optimism as stock markets climbed following United States President Donald Trump's confirmation of ongoing trade discussions with China. This positive sentiment was further bolstered by the latest inflation data from Japan, indicating a healthy economic pulse.

Market Highlights

Japan's Nikkei led the charge with a notable 1.87% increase, while Hong Kong's Hang Seng and South Korea's Kospi followed suit with gains of 1.26% and 0.94%, respectively. Mainland China also saw upward movements, with the Shenzhen Composite and Shanghai Composite posting increases. Meanwhile, Australia's market took a pause for a holiday.

Currency Movements

The dollar strengthened against the yen, marking a 0.76% increase, a reflection of the shifting dynamics in regional trade sentiments.