Asian stocks open mostly higher as week wraps up

Economies.com
2019-11-22 04:09AM UTC

Asian stock indices opened mixed on Friday, as the Chinese stocks were mixed and the Japanese, Australian stock indices rose, in addition to Hong Kong's Hang Seng, and the South Korean Kospi, while New Zealand stocks fell, as the market parse the latest developments in the US-China trade file. 

 

The South China Morning Post on Thursday reported that the Chinese Vice Premier Liu He invited the US Trade Representative Robert Lighthizer to continue the trade talks this month in Beijing, and reported that the US is going to hold Chinese tariffs scheduled in mid-December even if no agreement is reached.

 

Whilst, President Donald Trump is expected to sign the Hong Kong Human Rights Act that was passed by the US Senate on Wednesday, in addition to a bill to support Hong Kong's pro-Democracy protesters that will be put for a vote in the House of Representatives. While Beijing condemned the bill and criticized the Washington interference, to diminish the hopes for resolving the trade dispute between the two countries.

 

As for stocks, Japanese stocks traded higher during today's trading session, with the Topix index rising by 0.50% or 8.38 points to 1,697.76, and Nikkei 225 index rose by 0.61% or 141.60 points to 23,180.18.

 

While the Chinese stocks were mixed, as the CSI 300 index fell by 0.17% or 6.65 points to 3,882.95, and the Shanghai Composite index rose by 0.04% or 1.26 points to 2,904.90.

 

Hong Kong's Hang Seng rose by 0.23% or 61.59 points to 26,528.47, and the South Korean Kospi rose 0.20% or 4.12 points to 2,100.72.

 

To Australia's S&P/ASX 200 index, which rose 0.57 % or 37.79 points to 6,710.70, while New Zealand's NZX 50 fell by 0.20% or 22.14 points to 10,936.02.

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