Asian stocks opened in green on Tuesday as investors await the outcome of the US-China trade negotiations, which resumed this week after being suspended in May, as a US trade delegation headed by US Trade Representative Robert Lighthizer traveled to China, which will be followed by a Chinese trade delegation heading to Washington by next month.
In another context, we followed the Bank of Japan's decision to keep interest rates at 0.10%, while keeping the asset purchase program unchanged as well as future interest rate trends. With the Bank of Japan cutting its inflation and growth forecasts for the world's third-largest economy, with the reveal of its monetary policy as it's the center of attention for the press conference to be held by Bank of Japan Governor Haruhiko Kuroda in Tokyo.
In the same context, markets are looking closely today and tomorrow Wednesday at the FOMC meeting in Washington amid expectations that Fed monetary policy makers will cut federal funds rates for the first time in more than a decade by 25 basis points to Between 2.00% and 2.25%, ahead of Fed Chairman Jerome Powell's upcoming press conference.
Japanese stock indices rose during today's trading session, with the broader Topix index rising by 0.50% to win 7.78 points up to the level of 1,576.35, Nikkei 225 index also rose by 0.68% to win 146.58 points up to the level of 21,763.38.
China's benchmark index, CSI 300 rose by 0.70% (26.79 points) to reach 3,881.06. The Shanghai Composite Index rose 0.64% (18.86 points) to reach 2,959.87.
Hong Kong's Hang Seng rose by 0.53% (149.20 points) reaching 28,255.61. The South Korean Kospi Index rose 0.70% (14.24 points) and reached 2,043.72.
To the New Zealand NZX 50 index, which rose 0.36% (38.65 points) to reach 10,890.01. On the other hand, Australia's S&P/ASX 200 index rose by 0.40% (27.00 points) to reach 6,852.80.