TELETRADER News
7/13, 6:30 AM (Source: TeleTrader.com)
more TeleTrader news

Asia trades mostly higher amid break in trade war rhetoric

Asian markets traded mostly higher on Friday after days of unease regarding the United States-China trade war. Thursday did not bring an escalation of protectionist rhetoric, although China reiterated it will introduce reciprocal measures if left with no choice, noting that there have been no new negotiations between the two sides. South Korea expressed worries that the trade war could be "prolonged and proliferated" and have a negative impact on Korean economy. Meanwhile, Seoul also stated denuclearization talks between the US and North Korea are "on the right track," as US President Donald Trump published a note sent to him by North Korean leader Kim Jong-un, in which their June 12 meeting is described as "the start of a meaningful journey."

Japanese Nikkei 225 jumped 2.07% at 6:05 am CET.

China's Shanghai Composite lost 0.12% at 6:30 am CET, while the Shenzhen Composite added 0.6% at the same time.

Hong Kong's Hang Seng traded 0.58% higher at 6:05 am CET. The Kospi Composite was up 0.98% at 6:08 am CET.

Australia's S&P/ASX 200 was flat at 6:28 am CET.

The dollar increased 0.07% compared to the yen and sold for ¥112.6305 at 6:30 am CET.

Breaking the News / DJ