Market Overview

Following a brief pause in the US-China tariff dispute, Asia-Pacific markets experienced a significant uplift. This development not only spurred a rally on Wall Street but also brought a wave of optimism across global markets.

Highlights from Around the Region

Japan saw its producer price growth slow in April, while South Korea engaged in trade negotiations with the US, drawing considerable attention from investors.

Market Performance

At 7:24 am CET, Japan's Nikkei 225 was slightly down by 0.36%. Conversely, Hong Kong's Hang Seng surged by 1.81%, and South Korea's Kospi added 1.23%. Mainland China's Shanghai Composite rose by 0.35%, whereas the Shenzhen Composite and Australia's S&P/ASX 200 remained flat.

Currency Movements

The dollar weakened against the yen, trading 0.40% lower at 146.88900 by 7:25 am CET.