New story
Felicia Tan
November 7 15:47

Asia stocks wrap

Shares in Asian countries were various on Thursday after several statements that a partial trade deal between the US and China could be postponed to December. Treasury bonds extended Wednesday's profit
Japanese stocks rose, whereas Chinese and Hong Kong shares remained steady, whereas equities in South Korea fell. The S&P 500 on Wednesday remained virtually unchanged. The signing of a preliminary trade agreement won’t seemingly occur in November, as previously scheduled, since China and the US are having a dispute over a location.
Growing hopes for a trade between the US and China instilled confidence in markets in November, as main economic indexes show signs of stabilization. While recent evidence from Europe suggests that a reliable recovery cannot be at stake, relative improvement has diminished concerns that the world economy is hindering a recession.
Meanwhile, oil stabilized after recent recession as a result of a statement that the largest producers in OPEC+ did not insist on more reduction in oil supplies.
Some key movements in markets:
The Japanese Topix Index went up 0.2% by 10:30 am in Tokyo. The Shanghai Composite index remained unchanged. Hong Kong Hang Seng Index remained unchanged. The South Korean Kospi index fell 0.2%. The Australian S&P/ASX 200 Index went up 0.7%. S&P 500 remained stable. On Wednesday, the indicator climbed 0.1%.
The yen remained virtually unchanged at 108.87 per dollar. China's yuan remained stable at 7.0118 per dollar. The euro bought $1,1067.
The yield on 10-year Treasuries bonds dropped to 1.81%. Yields on Australia's 10-year bonds lowered to 1.22%.
West Texas Intermediate oil remained unchanged at $56.34 per barrel. Gold has not fluctuated much - $ 1490.85 per ounce.