Asia-Pacific Markets Respond Positively to Trade Hopes

Following optimistic remarks from US President Donald Trump regarding US-China trade relations, Asia-Pacific markets experienced a significant uplift. Trump hinted that tariffs on Chinese goods would not escalate to 145%, providing a much-needed relief to investors.

Stability in US Monetary Policy Boosts Confidence

Further bolstering the positive sentiment, Trump confirmed he has "no intention" of replacing Federal Reserve Chair Jerome Powell. This announcement added to the stability perceived in the markets, encouraging investment.

Economic Indicators Show Mixed Results Across Asia

Japan's services sector showed signs of expansion in April, while the downturn in its factory sector softened. Meanwhile, Australia's private sector growth saw a slight moderation. These mixed indicators painted a complex but hopeful picture for the region's economy.

Market Performances Highlight Regional Optimism

Japan's Nikkei 225 rose by 1.72%, Hong Kong's Hang Seng surged 2.65%, and South Korea's Kospi climbed 1.45%. Mainland China's Shanghai Composite and Shenzhen Composite also saw gains, alongside Australia's S&P/ASX 200. The dollar strengthened slightly against the yen, reflecting the upbeat mood.