Asian stock markets reacted to the news U.S., and China would like to resume the trade talks. On Thursday. The Chinese government made a statement which had a positive on most of the stocks. The spokesperson of China’s Ministry of Commerce Gao Feng said that China was ready to restart the negotiations process. He said China wanted to solve this dispute without any further escalations.
This was an important moment for the Asian and global stock markets. Only one week, China imposed tariffs on American goods as a retaliatory measure.
Asian stock market news
Some of the Asian stocks strengthened its position while others were unable to benefit from this situation. In Japan, the Nikkei 225 increased by 1.19% and is close to 20,704.37. This happened as the index of Japanese robot maker Fanuc increased by 2.73%.
The TOPIX index is a significant stock market index of the Tokyo Stock Exchange. Its index rose by 1.46% and reached 1,511.86. Moreover, it is worth mentioning that Nikkei 225 and TOPIX indexes are the major indexes of the Tokyo Stock Exchange. Another interesting fact about the Nikkei 225 index in Japanese newspaper The Nikkei started calculated its daily index since 1950.
In another Asian country, South Korea indexes also increased as KOSPI’s index rose by 1.78% to 1,967.79. The stocks of the chipmaker SK Hynix increased by 5.59%.
Australian index S&P/ASX 200 increased by 1.49% and close to 6,604.20.
As mentioned above, some of the Asian stocks fell after this news. For example, the shares of mainland Chinese indexes were unable to meet the expectations. The Shanghai Composite index decreased by 0.16 % to about 2,886.24. Meanwhile, the Shenzhen component index declined by 0.35% to 9,365.68. Another Chinese index the Shenzhen composite fell by 0.744% and is close to 1,579.25.
Chinese indexes mentioned above were unable to benefit from the situation. Asian stock indexes and individual stocks gained from the comment made by China’s Ministry of Commerce.