Investors Hope of Trade Deal Rises

Asia Pacific markets rose on Tuesday, likely fuelled by an improvement in investor sentiment around ongoing negotiations between the United States and China.

Markets in Tokyo were shuttered for holiday. The Japanese yen changed hands at 108.56 per U.S. dollar, strengthening slightly from levels near 108.72.

In Hong Kong, the Hang Seng Index added 60.52 points, or 0.2%, to 26,786.20.

Australian markets were on the move upward, with the energy sub-index adding 0.5% and materials up by 1.1% as major miners gained.

Shares of Rio Tinto were up 1.5%, Fortescue gained 2.4% and BHP added 1.17%.

The Australian dollar traded at $0.6874, up from $0.6860.

In South Korea, indexes rose as major chipmakers gained. Samsung shares were up 1.8% and SK Hynix added 2.1%.

CHINA

The CSI 300 gained 15.04 points, or 0.4%, to 3,895.88

U.S. President Donald Trump and Chinese President Xi Jinping are set to participate in the Asia-Pacific Economic Cooperation meetings in Chile during mid-November, where many are anticipating a partial trade deal to be signed between the two countries.

In other markets

In Taiwan, the Taiex jumped 87.1 points, or 0.8%, to 11,271.25

In Korea, the Kospi added 24.02 points, or 1.2%, to 2,088.86

In Singapore, the Straits Times Index hiked 21.52 points, or 0.7%, to 3,160.67

In New Zealand, the NZX 50 regained 27.64 points, or 0.3%, to 11,090.39

In Australia, the ASX 200 moved higher 19.67 points, or 0.3%, to 6,672.18