Market Overview

Markets In Asia Surge As US-China Agree On Trade, Johnson Wins UK Election

Share:
Markets In Asia Surge As US-China Agree On Trade, Johnson Wins UK Election

Markets in Asia made record gains on Friday, as some of the causes of market volatility in recent months seem to be clearing out.

What Happened

The U.S. and China have to come to an agreement on phase one of their trade deal, the Wall Street Journal reported on Thursday.

As part of the deal, President Donald Trump will roll back some of the existing tariffs, and has canceled the additional tariffs that were supposed to take effect on Sunday, the publication said.

Meanwhile, the Boris Johnson-led Conservative and Unionist Party won the general elections in the U.K. by a clear majority, paving the way ahead for a fast-tracked Brexit deal with the E.U.

Stock Market

Here's how the markets performed in the Asia Pacific region at press time.

China's Shanghai Composite traded 1.78% higher at 2,967.68, while Shenzhen Composite was up 1.71%.

Hong Kong's Hang Seng Index (HSI) traded 2.22% up.

Japan's Nikkei 225 added 2.55% to trade at its highest in 14 months at 24,023.10. Tokyo Stock Exchange's TOPIX added 1.59%.

South Korea's KOSPI was up 1.54% at 2,170.25. Singapore's Straits Times Index (STI) added 0.59%.

Australia's S&P/ASX 200 traded 0.46% higher. New Zealand's NZX 50 was down by 0.59%.

India's SENSEX traded 1% higher at 40,987.84, and NIFTY was up 0.79%. Thailand's SET Index was also up by 0.78%.

Posted-In: Asian markets Brexit Nikkei 225News Politics Global Markets General Best of Benzinga

 

Related Articles

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com