11/16/2020, 7:32 AM (Source: TeleTrader)
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Asia trades higher after forming world’s biggest trade bloc

Asian markets traded higher on Monday after fifteen Asia-Pacific economies formed the world’s largest free-trade bloc on Sunday, a China-backed deal that excludes the United States. Also, good data reports came from Japan where industrial production grew by 3.9% in October, while the country's GDP went up by 21.4% in the third quarter.

The Nikkei 225 jumped 2.05% at 6:58 am CET. Hang Seng added 0.59% at 7:31 am CET. The Kospi Composite was up by 1.97% at 7:30 am CET. In mainland China, the Shanghai Composite traded 0.84% higher at 7:25 am CET, while the Shenzhen Composite went up by 0.45% at 7:17 am CET. Australian stock exchange said it will not reopen on Monday after trading was paused due to a technical issue.

The dollar traded 0.09% lower compared to the yen and sold for 104.5470 at 7:30 am CET.

Breaking the News / TF