Asian markets mostly rise after Trump suggests trade talks are in ‘final throes’

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Asian markets mostly rise after Trump suggests trade talks are in ‘final throes’

Hong Kong (CNN Business)Asian markets mostly rose after US President Donald Trump suggested a trade deal with China is in the final stages.

Japan’s Nikkei 225 (N225) rose 0.4% on Wednesday. South Korea’s Kospi index (KOSPI) also gained 0.3%. Hong Kong’s benchmark Hang Seng Index (HSI) added 0.1%.
China’s Shanghai Composite (COMP) dropped as much as 0.5% in early trading, though recouped most of those losses. Government data released Wednesday showed that China’s industrial profits declined 9.9% in October from a year earlier. That loss accelerated from a 5.3% drop in September.