Market

Asian Markets Rally: Shenzhen Composite Leads with a 2.1% Surge Amid Global Tensions

Asian Markets Show Strength Amid Global Uncertainties

On Monday, the Asia-Pacific stock markets predominantly experienced gains, with the Shenzhen Composite notably jumping by 2.10%. Investors remain vigilant, closely monitoring developments related to Ukraine. The recent face-to-face discussions between U.S. President Donald Trump and Russian counterpart Vladimir Putin have been a focal point, with Trump claiming significant progress was achieved.

Market Highlights Across the Region

In mainland China, the Shanghai Composite saw a rise of 1.14%, while the Shenzhen Composite surged by an impressive 2.10%. Meanwhile, Hong Kong's Hang Seng index added 0.54%, contrasting with South Korea's Kospi Composite, which slid by 1.26%.

Japan's Nikkei 225 advanced by 0.93%, hovering near its record high, and Australia's S&P/ASX 200 increased by 0.16%. The dollar also saw a slight uptick against the yen, trading 0.17% higher.

Global Leaders Convene on Ukraine

Amid these market movements, European leaders are set to gather at the White House to discuss the ongoing situation in Ukraine, highlighting the interconnectedness of global politics and financial markets.