Markets in Asia ended with gains pending the signing of Phase I Deal

The improvement in sentiment also led to a good Asian session. Markets recorded gains, and investors took up risky trading before the deal was signed. Washington said China no longer manipulates its currency.

The Nikkei 225 rose 0.74% and Topix 0.23% after the Japanese markets resumed after their feet. Shares of technology conglomerate Softbank jumped 3.03%.

In South Korea, Kospi rose 0.72% led by tech stocks: Samsung Electronics up 1%, SK Hynix up 1.99% and LG Electronics up 3.3%.

Australia’s ASX200 finished with a growth of 0.63%, with the mining sector leading the rally. Fortescue Metals finished up 1.44%, BHP Group up 1.09% and Rio Tinto up 1.24%

Chinese markets rose in the first hour of the Asian session. Shanghai Composite added 0.21% to its value, Shenzhen Composite by 0.19% and Shenzhen Component was also trading on the increase.

Hang Seng rose 0.16%.

 Trader Martin Nikolov

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