How did Asian markets react to the trade deal news?

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Asian Markets Rally on US-China Trade Deal Optimism

Asian markets experienced a broad upward movement today, driven by positive developments in US-China trade negotiations. Investors responded favourably to statements from both Beijing and Washington indicating proximity to an agreement on a "mini trade deal." This sentiment was amplified by a strong performance on Wall Street, which had closed higher previously.
Key Asian Markets Show Gains

Several major Asian stock exchanges registered gains. Hong Kong's Hang Seng index climbed by 0.8 per cent, while Shanghai's Composite index closed 0.9 per cent higher. The tech-focused Shenzhen Composite index saw a more significant jump, rising by over one per cent. In Japan, the Nikkei 225 ended the day up by 0.3 per cent, mirroring a similar 0.3 per cent increase in Seoul. Sydney's market also experienced a marginal uptick.
Bitcoin Surges Amidst Trade Hopes

The positive market sentiment extended to cryptocurrencies, with Bitcoin experiencing a notable surge. The digital currency soared by more than 15 per cent, reaching close to US$10,000 (RM41,860), its highest level in approximately a month. This sharp increase occurred before a slight retracement.
Broader Regional Positive Movement

Beyond the major exchanges, other regional markets also participated in the rally. Taipei, Bangkok, Jakarta, and Manila all recorded higher closing figures. This widespread positive performance across diverse Asian economies underscores the significant impact of the trade deal news on investor confidence in the region.

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How did Asian markets react to the trade deal news?

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