Asian stocks open higher, led by Chinese indices

The Asian stocks opened the week's first session on positive performance in almost all indices, as the Chinese stock indices rose about 2%, in addition to the Japanese stock indices and Hong Kong's Hang Seng rising more than 1%, in addition to the New Zealand and the South Korean indices rise following their counterparts, while the Australian stocks saw negative stability on the threshold of the Australian Central Bank reveal of its last meeting minutes.

The positive Chinese economic data that we followed last week helped the Chinese economy, the world's second-largest economy, to boost investor risk appetite, as well as the positive earnings announcements on Wall Street for major US companies and banks, the backbone of the world's largest economy. which have, in turn, supported the performance of global stock indices in general and the Asian ones in particular, which are headed for their six-month highs.

Otherwise, we have followed yesterday the Financial Committee meeting for the International Monetary Fund, which is the main advisory committee of one hundred and eighty-nine member countries of the International Monetary Fund, through which the ministers of finance and governors of central banks worldwide after the three days of the IMF in Washington meetings stated, that they are ready to act quickly to support global economic growth which faces downside risks including trade tensions, as the US Treasury Secretary Steven Mnuchin recently noted positive trade talks with China.

In terms of trading, Japanese stock indexes rose more than 1% during the trading session today, as the broader TOPIX index rose by 1.44% (23.07 points) up to 1,628.47, while Nikkei 225 index rose 1.44% (314.10 points) up to 22,184.66.

The Chinese benchmark indices also rose by more than 2%, as CSI 300 rose by 2.21%, gaining 87.95 points and reached 4,076.57. While the Shanghai index rose 1.80% (57.29 points) and reached 3,245.92.

Meanwhile, Hong Kong's Hang Sang rose 1.11% (331.37 points) reaching 30,241.13, and the South Korean Kospi Index rose 0.76% (17.03 points) and reached 2,250.48.

To New Zealand's NZX 50 index, which rose by 0.49% (47.98 points) up to 9,816.31. On the other hand, Australia's S & P/ASX 200 index fell by 0.16% (10.22 points) and reached 6,241.10.