Major Asian stock markets on Nov. 30 provided optimism about the closure of a positive trading week ahead of the US-China trade talks on the sidelines of the G20 summit.
At the close of trading on Nov. 30, the Nikkei 225 Stock Average of Tokyo Stock Exchange (Japan) rose 0.4% to 22,351.06 points and the Shanghai Composite Index of Shanghai (China) increased. 0.8% to 2,588.19 points. The Hang Seng Index of Hong Kong on Nov. 30 rose 0.5 percent to 26,582.32.
Meanwhile, the Singapore stock market rose 0.5%, while the Wellington, Taipei and Mumbai markets also go up. Seoul’s stock market fell 0.8 percent after the Bank of Korea raised interest rates for the first time in a year, and the Sydney market fell 1.6 percent.
Shares of energy firms rose after oil prices advanced while currencies in emerging economies continued to gain momentum against the dollar on Nov. 29 as the Federal Reserve ) showed signs that they would “slow down” the pace of interest rates.
Meanwhile, according to analysts, the G20 summit in the Argentine capital of Buenos Aires will be a “golden opportunity” to resolve the current “hot” conflicts. It is expected that many important meetings between world leaders will be “created” on the sidelines of this conference.
On the threshold of the G20, members are still tense to discuss an agreement on key issues such as trade, migration and climate change. However, President Donald Trump’s “indifference” to global warming has also raised public concerns about the possibility of member economies reaching consensus in the final document of the association. .
For his part, Guggenheim Partners investment director Scott Minerd said it would be no surprise if the United States and China failed to come up with a roadmap to help resolve the conflict.