Asian stocks start trading on green to join its US counterpart

    Asian stocks opened for the greenback on Wednesday to join the US counterpart, which saw yesterday gains above two percent, supported by comments by Federal Reserve Governor Jerome Powell, which boosted federal interest rate cuts in the coming period to keep pace with the growth of the world's largest economy. Up 2 percent and stabilizing US unemployment at low levels.

    The comments, which were also followed Tuesday by the Chinese Ministry of Commerce, also raised hopes for a resolution of trade tensions between the world's two largest economies. The ministry said in an article that "differences and friction between the two sides" should be addressed through talks, That talks between Beijing and Washington "should be based on mutual respect, equality and mutual benefit."

    Japan's Nikkei 225 index gained 1.83% to gain 374.43 points and reach 20,782.97. The Nikkei 225 index gained 1.83% to 28.86 points and reached 1,527.95.

    China's index also gained during the session, with the CSI 300 rising 0.29% to 10.56 points and reaching 3,609.03. The Shanghai Composite Index rose 0.41% to 11.88 points and reached 2,874.16.

    Hong Kong stocks rose 0.91% to 244.28 points to reach 27.005.80, South Korea's Kospi rose 0.41% and the other gained 8.48 points to 2,075.45.

    To the New Zealand NZX 50 index, which rose 0.13% to 12.68 points to 9,964.60. On the other hand, Australia's S & P / ASX 200 index gained 0.60% to gain 37.74 points to reach 6,370.10.
    writer and blogger, founder of .

    Related Posts

    Post a Comment