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4/19, 4:38 AM (Source: TeleTrader)
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Asia trades higher on recovery hopes

Major stock market indexes in Asia traded higher on Monday fueled by the optimism about coronavirus vaccinations as well as positive economic data.

Japan's Ministry of Finance released its merchandise trade balance total which saw the country's surplus in March standing at ¥663.7 billion, while imports and exports marked an improvement both on a monthly and yearly basis. Investors are still waiting for the release of Japan's industrial production data.

Japan's Nikkei 225 went up by 0.22% at 4:30 am CET, with the Australian S&P 200, inching 0.23% higher at 4:34 am CET. At 4:35 am CET, South Korea's Kospi added 0.45%, as the dollar went 0.15% down against the yen, going for ¥108.6230. In mainland China, the Shanghai Composite went up by 1.22% at 4:35 am CET, with the Shenzhen Composite surging by 2.25% a minute later. Hong Kong's Hang Seng increased by 1.11% at 4:37 am CET.

Breaking the News / NL