Asian stocks today: Markets trade in green after US-China fears ease; Nikkei gains over 1300 points; HSI up by 2%
Asian markets rallied, led by Japan, as investors anticipate a new prime minister. Hopes for de-escalated US-China trade tensions, following weekend talks, also boosted sentiment. China’s economy showed stronger-than-expected third-quarter growth, while upcoming US inflation data is expected to have minimal impact on interest rate cut plans. Gold held firm, while oil prices saw a slight dip.🕒 1 min read
Asian markets rallied, led by Japan, as investors anticipate a new prime minister. Hopes for de-escalated US-China trade tensions, following weekend talks, also boosted sentiment. China’s economy showed stronger-than-expected third-quarter growth, while upcoming US inflation data is expected to have minimal impact on interest rate cut plans. Gold held firm, while oil prices saw a slight dip.
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