Stocks in Asia traded higher Thursday morning amid positive developments on the U.S.-China trade front. Markets also expect further easing measures by the European Central Bank when it announces its decision on interest rates later today.
The Nikkei 225 rose 0.86% in early trade, while the Topix added 0.55%. Shares of Yahoo Japan jumped more than 4.5% in early trade after reports that the company will launch a takeover bid for online clothing retailer Zozo.
In Australia, the S&P/ASX 200 gained 0.57% as majority of the sectors advanced.
Overall, the MSCI Asia ex-Japan index gained 0.23%.
U.S. President Donald Trump tweeted Wednesday that increased tariffs on 250 billion dollars worth of Chinese goods that were set to kick in on October 1 have now been delayed to October 15 “as a gesture of good will.”
Source : CNBC