Asia-Pacific Stocks Mostly Higher

Following a statement by United States President Donald Trump indicating a significant reduction in tariffs imposed on China, major stock indexes in the Asia-Pacific region experienced a notable uplift. This development has alleviated some investor concerns regarding the ongoing trade tensions between Washington and Beijing.

Economic Data in Focus

Investors also turned their attention to the latest economic indicators from Japan and Australia, which provided further insights into the regional economic landscape.

Market Performance Highlights

Japan's Nikkei 225 saw a substantial increase of 1.72%, while Hong Kong's Hang Seng and South Korea's Kospi advanced by 1.74% and 1.31%, respectively. Australia's S&P/ASX 200 also enjoyed growth, rising by 1.61%. However, the Shanghai Composite on the Chinese mainland experienced a slight decline of 0.08%, contrasting with the Shenzhen Composite's gain of 0.30%.

At 4:31 am CET, the dollar strengthened by 0.23% against the yen, trading at 141.93050.