Asia stocks were mixed as it is responded to a hope that the U.S. and China trade war may end soon.
On Wednesday, 25 September, U.S. President Donald Trump said the deal between the U.S. and China may come sooner than expected. This gives a positive signal that the two economic giants have agreed to end their long-running trade dispute.
The news was a breath of fresh air to many affected market players globally. However, as reported by CNN, not every stock in Asia gave a positive response.
Chinese Stocks
Most Chinese shares dropped on the day, with the Shenzhen component slipping 2.13% to 9,464.84 and the Shenzhen composite falling 2.505% to approximately 1,597.72. The Shanghai composite also fell 0.89% to about 2,929.09.
Hong Kong Stocks
Meanwhile in In Hong Kong, the Hang Seng index rose 0.21%, as of its final hour of trading, as shares of Chinese tech behemoth Tencent added 0.97%.
Other Asian Stocks
The Japanese Nikkei 225 rose 0.13% to close at 22,048.24. Shares of index heavyweight and robot maker Fanuc jumped 2.44%.
Also, the Topix ended the trading day 0.2% higher at 1,623.27. These uptrends came after Trump said Wednesday that Washington and Tokyo had reached an initial trade agreement.
Also read: US-China Trade Dispute Sends Asia Stocks Lower
Shares at Japanese automakers also jumped after news that the trade negotiations between Tokyo and Washington were heading into a positive direction. Consequently, Toyota gained 1.14% while Honda and Subaru added 1.35% and 2.19%, respectively.
As for South Korea, Kospi closed fractionally higher at 2,074.52 as chipmaker SK Hynix’s stock jumped 1.71%. Australia’s S&P/ASX 200 slipped 0.49% to end the session at 6,677.60.
