The Asian markets turned green

Asian trade ended in a green one, sustaining the positive sentiment of Wall Street. Global financial markets were pretty volatile at the beginning of the week but began to stabilize after US-China relations improved.

But in the beginning, Chinese markets opened mixed. In Hong Kong, Hang Seng Index rose 0.9% and Shanghai Composite by 0.25%. Shenzhen Composite, however, opened with a fall.

Japan's Nikkei 225 rose 0.77% and Topix was up 0.54%. In South Korea, the Kospi index grew by 0.32%.

In Australia, shares opened flat, but ASX200 gained momentum and at the end of the session it was 0.31% up. Its financial sub-index also posted an increase of 0.82%.

The Asian share presentation followed the positive wave from the United States. Dow Jones climbed 157 points or 0.64% and S & P500 by 0.54%. Nasdaq jumped close to 1%.

All this came as a consequence of the news that yesterday came out that Beijing is beginning to work on improving the access conditions for foreign companies in China. The move was designed to soften the tension. The new plan aims to replace the Made in China 2025 initiative. Making foreign companies easier to access to China is much more important than restarting China's soy purchase program from the United States or reducing car tariffs from 40% to 15%.

In the FX markets, the GBP traded around 1.2617, staying in positive territory after Theresa May overcame the vote of mistrust. The US dollar traded at 97.087 levels with a slight increase of 97.044. The Japanese yen also posted growth and traded at about 113.39. The Australian dollar remained flat at levels around 0.7225.

Source: CNBC

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