Regional markets lifted by political, trade news

Friday, March 09, 2018

Regional markets were mostly higher today on relief that President Donald Trump’s tariffs on U.S. steel and aluminum imports may not be as harsh as initially feared. News Trump and North Korea’s leader will meet also lifted sentiment.

At mid day, Japan’s benchmark Nikkei 225 gained by 0.87 percent, or 186.80 points, at 21,554.67 while the broader TOPIX index added 0.59 percent, or 10.02 points, at 1,719.97.

Australia’s S&P/ASX 200 added 0.4 percent to 5,965.30. South Korea’s Kospi jumped 1.6 percent to 2,470.80. Hong Kong’s Hang Seng advanced by 1 percent at 30,947.02, while the Shanghai Composite index inched down nearly 0.1 percent to 3,285.98.