JPY/USD+0.27%
S&P/ASX+0.41%
Hang Seng+1.08%
SSE Composite...+0.47%
KOSPI Composi...+0.71%
Japan 225 Ind...-0.39%
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.