Solid Asian session following gains on Wall Street

22.10.2019 / 07:02

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Asian markets have risen today, most likely fueled by improved investor sentiment over ongoing US-China talks.

Australia's ASX 200 jumped 0.28%, with the energy sub-index adding 0.64%. Rio Tinto shares gained 1.59%, Fortescue made 0.96% and BHP advanced 0.66%.

In South Korea, Kospi grew 0.93%, with the chip industry leading the way. Samsung is up 1.59% and SK Hynix added 1.81%.

Chinese markets in general have also advanced. Shanghai composite is trading close to its opening levels, Shenzhen composite is up 0.35%.

Japanese markets remained closed for national holidays in the country.

Asian gains followed a strong Wall Street session, where the S&P 500 recorded its first close of over 3,000 since September 18.

Trader Aleksandar Kumanov

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Solid Asian session following gains on Wall Street

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