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Asian Shares remained mostly higher on Friday after white House Plans for President Donald confirmed trump to meet with Sugar Leader Xi Jinping Next week.
The confirmation reduced some uncertainty over trade tensions between the world’s two largest economies, although the prospects for a significant trade deal remained unclear.
The Chinese benchmark also rose after the ruling Communist Party held a key planning meeting without any major policy changes.
Hong Kong’s Hang Seng index rose 0.6 percent to 26,122.10, while the Shanghai Composite index rose 0.4 percent to 3,938.98.
Japan’s Nikkei 225 recovered from the previous day’s decline on Friday and rose about 1.5 percent to 49,380.25. Tech stocks were in gains as the White House’s confirmation of Mr Trump’s meeting with Mr Xi boosted sentiment.
Data released Friday showed Japan’s core inflation rate rose to 2.9 percent in September from 2.7 percent in August. Despite the price pressures, the Bank of Japan is widely expected to keep interest rates unchanged at its meeting next week: Newly elected Prime Minister Sanae Takaichi has expressed a preference for keeping rates low.
In Seoul, the Kospi rose 2.3 percent to 3,935.75, a new record, as gains on Wall Street and news of the Trump-Xi summit boosted investor sentiment and eased trade concerns.
Australia’s S&P/ASX 200 slipped less than 0.1 percent to 9,027.00 after preliminary data showed Australia’s factory activity fell to 49.7 in October from 51.4 in September.
India’s BSE Sensex was almost unchanged, while Taiwan’s stock market was closed for a holiday.
US stocks hit their record high on Thursday as oil prices jumped after Mr Trump announced “massive” new sanctions on Russia’s crude industry.
On Wall Street on Thursday, the S&P 500 rose 0.6 percent to 6,738.44, within 0.2 percent of its all-time high hit earlier this month.
The Dow Jones Industrial Average rose 0.3 percent to 46,734.61, just below its record set earlier this week. The Nasdaq Composite rose 0.9 percent to 22,941.80.
Companies in the oil and gas business led the way, including gains of 1.1 percent for Exxon Mobil, 3.1 percent for ConocoPhillips and 3.4 percent for Diamondback Energy. Crude oil prices rose, rising about 5.5 percent after Mr Trump announced sanctions against Russian oil giants Rosneft and Lukoil.
The hope is that Russian President Vladimir Putin will be convinced to end the war with Ukraine and that sanctions could disrupt the global flow of oil.
The surge helped oil prices recover from some of their recent sharp losses, which were driven by expectations that crude supplies will remain abundant in stockpiles. Oil prices are down more than 10 percent so far this year, and early Friday, they fell even further. U.S. benchmark crude fell 22 cents to $61.57 a barrel, while Brent crude was down 21 cents at $65.78.
Strong profit reports from several big US companies helped lift the benchmarks.
Chemicals maker Dow jumped 12.9 percent and Las Vegas Sands added 12.4 percent as both reported stronger earnings than analysts expected. Tesla gained 2.3 percent, recovering from early losses after reporting weaker profit but stronger revenue in the latest quarter than analysts expected.
Companies are broadly under pressure to deliver solid growth in profits. This would counter criticism that their stock prices were too high after the S&P 500 surged 35 percent from its low in April.
In other deals early on Friday, the price of gold slipped 0.4 percent to $ 4,129.30 an ounce. On Thursday, it rose 2 percent to $ 4,145.60 an ounce.
The US dollar rose to 152.96 JPY from 152.60. The euro fell to $1.1608 from $1.1618.