ASIAN MARKETS ARE WAITING FOR US-CHINA MEETING TO GAIN ON JAPAN DATA

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On Monday, higher Asian markets rejoiced on the Japanese economy because of the positive report. With this market players are waiting for a meeting between Chinese president and U.S. President, which is about to held later this week.

With Shanghai’s bourse was closed, Hong Kong’s Hang Seng gained 0.4% to 24,195.21. South Korea’s Kospi rose 0.3% to 2,166.07, while Australia’s S&P/ASX 200 fell down with 0.1% to 5,858.60. The highlight was Japan’s Nikkei that added benchmark of 225, 0.6% to 19,033.52.

Markets are closely watching for US-China meeting outcome. During their summit on Thursday and Friday, the two presidents are expected to talk about different contentious issues that include trade and territorial disputes in the South China Sea and North Korea.

Compared to the last year, Japan’s manufacturers are upbeat. But, in world’s 3rd economy as per the survey’s findings, the sign exports have an underpinning growth.

“The start of the week marks the first trading day of the month and quarter, also kicking start an action-packed week with various items to keep watch on. U.S. non-farm payrolls, the meeting between the leaders of the U.S. and China, and the U.S. central bank March meeting minutes are some of the few items lined up ahead,” said Jingyi Pan, market strategist at IG.

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Mike Chambers

For any feedback and suggestions contact author at Mike.Chambers@themarketdigest.org

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