Asian Stocks Rise After Trump Positive Comments

Asian markets fell in the Green Zone on Wednesday after US President Donald Trump hinted at another meeting with Chinese President Xi Jinping to discuss trade. "Maybe we'll have another meeting, maybe a VIP meeting on both sides, if that's necessary, I'll have another meeting with President Shi, whom I like very much and I agree with very well," Trump said.

Tokyo promotes supervision of large data

In another statement, the Japanese government plans to set up a supervisory body to look into the practices of technology companies working with large data as soon as possible by 2020, Nikai said.

The government is concerned that large companies, such as Amazon and Alibaba, are using large data and intrusive intelligence in their search engines and business services in a way that gives them an unfair competitive advantage over small businesses. The task of monitoring will be to identify problems that may lead to such advantages and propose legislative and other solutions.

In addition, the Japanese Fair Trade Commission will conduct a survey on possible illegal business practices in the IT industry prior to the creation of the agency.

Seoul: It will be difficult for Kim to visit this year

In South Korea's presidential office, North Korean leader Kim Jong-un is unlikely to visit Seoul this year, the South Korean presidential office said. "We judge that it will be difficult for President Kim to visit Seoul this year, and we are open to the possibility of doing so early next year as well, but we do not know what will happen," an official said.

South Korean President Moon Jay said earlier this month that there was a possibility for Kim to visit the fourth summit this year. However, the Bureau of the Presidency subsequently stated that there had been no progress in the plans of the meeting.

Asian Indices Trading

  • The Nikkei 225 rose 1.92% at 4:37 am.
  • South Korea's Kospi Composite Index rose 1.18% at 4:37 am.
  • The Shanghai Composite Index rose 0.2% at 4:30 am CET.
  • While the Shenzhen Composite Index was flat at 4:36 am CET.
  • The Hang Seng Index in Hong Kong rose 1.86% at 4:36 am.
  • The Australian S & P / ASX 200 rose 0.86% at 4:39 am.
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