Economic news

New hopes for Sino-U.S. deal push Asia’s indices up

Asian stock markets grew on Wednesday due to trade hopes update and a strong growth on Wall Street on the eve.

President Donald Trump announced, that after a not bad talk with Chinese President Xi Jinping, he expects their meeting at the G-20 summit, later this month. That was enough for the Wall Street rally, where major indexes increased by more than 1 percent.

The markets received additional impetus after Draghi's comments, which grabbed the U.S. Federal Reserve’s attention, which made its own decision on interest rates, which would be already announced later, on Wednesday.

The broadest MSCI's index of Asia-Pacific region outside of Japan added 1.5 percent, hitting a five-week high. Shanghai blue chips were up 1.7 percent, touching a six-week high.

  • The Nikkei index soared by 1.72 percent, to 21,333, despite weak export data in May, according to which exports fell for the sixth consecutive month;

  • The Hang Seng index soared by 2.27 percent, to 28,112 at 7.14 GMT;

  • The Shanghai Composite index increased by 0.96percent, to 2,918;

  • The Kospi indicator was up by 1.24 percent, to 2,124;

  • Taiwan's index increased by 1.97 percent, to 10,775;

  • The FTSE Straits Times index and the JSX Composite index grew by 1.45 percent and 0.95 percent, to 3,285 and 6,315, respectively;

  • The ASX 200 index jumped by 1.19 percent, to 6,648.

asian markets grow sunny optical soares 1906Photo:

Investment holding company Sunny Optical Technology Group shares surged on Wednesday by 8.24 percent. Some more companies, that showed a significant jump in shares value on Wednesday: Nomura (+9.81), Nanosonics Ltd (+7.17), Toho Zinc (+6.39), BlueScope Steel (+6.27), Shanghai International Port (+6.11), Mitsui Mining & Smelting (+5.75), Sumitomo Metal Mining (+5.74), Inpex (+5.69), WH Group Ltd (+5.68), Sandfire (+5.38), Taiyo Yuden (+5.30), Pact Group (+5.29), SK Hynix (+5.21), Ningbo Port Co (+5.12), Advantest (+4.95), CITIC Securities (+4.89), TDK (+4.88), Kawasaki Kisen (+4.88), Komatsu (+4.86), WiseTech Global Ltd (+4.69), Air China (+4.65), Fujikura (+4.64), China Eastern Airlin (+4.64), Nippon Sheet Glass (+4.57), Platinum Asset Management (+4.47), Galaxy Entertainment Group (+4.37), Aac Technologies (+4.37), Haitong Secur (+4.23), Sanan Optoelectron (+4.03), Lenovo Group (+3.97), China Southern Air (+3.79), Softbank (+3.78), Australian Pharma (+3.76), AIA Group (+3.72), Golden (+3.70), China Merchants Bank (+3.19), etc.   

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