Hang Seng Index, Nifty 50, CSI 300
An electronic billboard displays Shanghai and Shenzhen stock indices as people walk on a pedestrian bridge in the Lujiazui financial district in Shanghai, China, April 3, 2025.
Go to Nakamura | Reuters
Asia-Pacific markets opened mostly higher on Friday as investors assessed the state of the economy following the truce between US President Donald Trump and his Chinese counterpart Xi Jinping.
Both sides reached a trade truce at a high-stakes meeting in South Korea on Thursday, easing a dispute over rare earth elements that threatens to push the world’s two largest economies into a full-blown trade war.
“Both sides appear to be preserving leverage for future negotiations by keeping these measures as bargaining chips,” said Chaoping Zhu, global market strategist at JPMorgan Asset Management.
of japan Nikkei 225 While Topix increased by 0.46%, it increased by 0.64%. South Korea’s Kospi fell 0.19% after reaching a new record high on Thursday. Small-cap Kosdaq rose 0.47 percent.
Australia’s S&P/ASX 200 started the day with a 0.45% increase.
Hong Kong’s Hang Seng index was poised to fall. HSI futures settled at 26,256, below HSI’s last close of 26,282.69.
China will release its October purchasing managers’ index today, providing a snapshot of factory and services activity widely followed by investors.
Overnight in the US, all three major averages closed lower as investors digested some of the Big Tech gains. The S&P 500 index closed at 6,822.34 points, down 0.99%, and the Nasdaq Composite closed at 23,581.14 points, down 1.57%. The Dow Jones Industrial Average fell 109.88 points, or 0.23%, to 47,522.12.
— CNBC’s Sean Conlon and Sarah Min contributed to this report.
