Asian stocks open higher on US-China trade deal hopes

Asian stocks opened the session on green, boosted by market optimism about the chances of the US and China resolving the trade disputes between them, especially after US Treasury Secretary Steven Mnuchin said on Wednesday that he believes that there is a way for the United States and China to complete a trade deal.

Mnuchin said that 90% of the trade agreement with China had been completed amid hopes of reaching a trade agreement with China as soon as possible, while adding that the date for the trade agreement with China can not be determined, hours before the expected meeting between the US president Donald Trump and his Chinese counterpart Xi Jinping on Saturday at the G20 summit in Osaka, Japan, which begins on Friday.

The Japanese stocks rose during today's trading session, with the broader Topix index rising by 0.16% (15.13 points) up to the level of 1,549.47, and Nikkei 225 rose by 0.87% to win 184.05 points up to 21,270.64.

China's benchmark index, CSI 300 rose by 1.44% (54.70 points) to reach 3,849.03, the Shanghai Composite Index rose 1.06% (31.46 points) to reach 3,007.75.

Hong Kong's Hang Seng Index gained 0.84% ​​(236.08 points) to 28,458.06. And South Korea's Kospi rose 0.65% (13.72 points) to 2,135.57.

To New Zealand NZX 50 index, which rose 0.01% ( 0.82 points) to reach 10,408.87. On the other hand, Australia's S&P/ASX 200 index gained 0.07% to gain 4.51 points and reach 6,645.00.