Stocks in China and Hong Kong rose slightly on Friday, marking a second consecutive week of gains, as both the United States and China softened their stances on a full-scale trade war, bringing relief to investors.
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China’s blue-chip CSI 300 Index closed up by less than 0.1%, while the Shanghai Composite Index saw little change.
Hong Kong’s Hang Seng Index added 0.3%, bringing its gains during the holiday-shortened week to 2.7%, its best performance in nearly two months, according to CNN.
All three indexes recorded a second straight week of gains and approached their highest levels since April 3, when U.S. President Donald Trump announced "reciprocal tariffs" on imports, triggering turmoil in global markets.
Meanwhile, Japan’s Nikkei index ended Friday’s session higher, as investors snapped up technology stocks after the White House eased its trade stance with China and the yen weakened following talks between Tokyo and Washington.
The Nikkei rose for a third straight session, closing up 1.9% at 37,705.74 points.
The index has now recovered almost all its losses incurred since President Trump announced tariffs on April 2, posting a weekly gain of 0.89%.
The broader Topix index also climbed, rising 1.37% to 2,628.03 points and recording a weekly increase of 1.3%.
(Source: Petra News Agency)
