Shares of Major Asian Airlines on Tuesday

It was a positive day for the major Asian airlines. Shares of China Eastern Airlines jumped 4% and shares of China Southern Airlines added 5.19% in Hong Kong.

Furthermore, shares of ANA Holdings gained 7.18%. Moreover, in Singapore, shares of Singapore Airlines rose 3.26%.

As a reminder, two days ago U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steve Mnuchin discussed the implementation of phase one agreement with Chinese Vice Premier Liu He.

Hopefully, both sides are willing to take the necessary steps to ensure the success of the agreement. Tensions between the U.S. and China have the potential to create additional problems for the global economy. Both sides should work together to solve their problems. The coronavirus pandemic already created tons of problems. There is no need to create additional issues.

Notably, the S&P 500 rose 1% to 3’431.28 on August 24. Interestingly, for the first time in history, the index closed above 3’400.

Also, the Dow Jones Industrial Average gained 378.13 points or 1.3% to end its trading day at 28’308.46. Moreover, the Nasdaq Composite added 0.6% to close at 11’379.72. Consequently, the Nasdaq Composite also reached a record.

Asian markets on August 25

It is worth mentioning that, stocks in the Asia Pacific mostly strengthened their positions on Tuesday. Interestingly, South Korea’s stocks led gains among the region’s major markets. Kospi index gained 1.58% to close at 2’366.73.

Also, Japanese stocks saw gains on the day. The Nikkei 225 added 1.35% to 23’296.77. At the same time, the Topix index advanced 1.13% to 1’625.23.

Nevertheless, mainland Chinese stocks were mixed during closing time. The Shanghai Composite fell 0.36% to about 3’373.58. Also, the Shenzhen Component was above the flatline at approximately 13’669.41.

Moreover, Hong Kong’s Hang Seng index dropped 0.26% to close at 25’486.22.

Australia’s S&P/ASX 200 added 0.52% to close at 6’161.40.