Asia-Pacific markets traded higher on Tuesday as investors reacted positively to President Donald Trump’s statement on Truth Social that United States-China trade negotiations in Spain were progressing well.
By 11:20 am AEST (1:20 am GMT), Australia’s S&P/ASX 200 had risen 0.3%, while Japan’s Nikkei 225 edged up 0.04%, reaching fresh all-time highs following Monday’s public holiday. South Korea’s Kospi 200 extended record valuations, gaining 0.8%.
Economic data from South Korea showed export prices up 0.7% month-on-month in August, after a 0.8% rise in July, while annual export prices fell 1.0% following a 4.5% decline in July.
Import prices increased 0.3% month-on-month but dropped 2.2% year-on-year.
In the U.S. on Monday, major benchmarks closed higher: the Dow added 0.1%, the S&P 500 gained 0.5%, and the Nasdaq rose 0.9%.
Commodity markets also advanced, with Brent crude climbing 0.7% to US$67.44 per barrel and spot gold rising 1% to a record $3,678.79 per ounce.
Chinese equities closed mixed, with the Shanghai Composite down 0.3% at 3,860.5 and the CSI 300 up 0.2% at 4,533.1.
Hong Kong’s Hang Seng Index added 0.2% to 26,446.6, while India’s BSE Sensex slipped 0.2% to 81,785.7.
European markets ended Monday mixed: the FTSE 100 declined 0.1% to 9,277.0, the DAX gained 0.2% to 23,748.9, and the CAC 40 rose 0.9% to 7,896.9.
