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Asian markets trade mostly higher in early deals on Monday
Nov-03-2025
Asian markets traded mostly higher in early deals on Monday, kindled by risk appetite in the market after trade deal between the US and China, the two major oil consumers of the world. Investor sentiments boosted after remarks from the white House that China will lift export controls on rare earths and end probes into US semiconductor firms as part of a new trade pact. The upcoming earnings reports of key defense and shipbuilding companies buoyed the stocks in that sector. Hang Seng advanced in the session rebounding from three consecutive sessional losses. Hong Kong’s economy grew 3.8% Y-o-Y in Q3, the fastest since late 2023, driven by strong domestic demand and solid exports, while retail sales rose 4.8% in September, the highest in nearly two years. Stock market of Japan is closed for Culture Day holiday. 

Hang Seng up 124.35 points 0.48% to 26,031.00, Straits Times rose 18.30 points 0.41% to 4,446.92, Taiwan Weighted added by 12.03 points or 0.04% to 28,245.38, KOSPI Index lifted 93.18 points or 2.27% to 4,200.68, Jakarta Composite surged by 93.21 points or 1.14% to 8,257.08 and FTSE Bursa Malaysia KLCI higher by 9.35 points or 0.58% to 1,618.50.

On the flip side, Shanghai Composite declined by 7.58 points or 0.19% to 3,947.21. 

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