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4/29, 4:40 AM (Source: TeleTrader)
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Asia-Pacific trades higher after Biden's remarks

Major stock markets in the Asia-Pacific region traded higher on Thursday after United States President Joe Biden stressed Washington does not want a conflict with China and "welcomed the competition" instead, but under certain rules. Meanwhile, Samsung Electronics Co. revealed its revenue in the first quarter of 2021 came in at $59 billion, or 65.3 trillion won, a record for that fiscal period.

In mainland China, the Shanghai Composite rose by 0.37% at 4:20 am CET. At the same time, the Shenzhen Composite expanded by 0.31%. Meanwhile, Hong Kong's Hang Seng went up by 0.93% at 4:36 am CET.

South Korea's Kospi advanced by 0.56% at 4:36%. At the same moment, Australia's S&P/ASX grew by 0.39%. The Nikkei 225 was closed for the day due to the Showa Day celebrations. In the meantime, the dollar stood flat against the yen to sell for ¥108.5410 at 4:39 am CET.

Breaking the News / JR