"Asian Stocks" Asia-Pacific stock markets generally rise, Taiwan and Hong Kong stocks outperform, Hon Hai rises nearly 4%

The United States has contacted China regarding trade issues, and the market is optimistic about Sino-U.S. trade negotiations. Stock markets in the Asia-Pacific region generally rose, with Taiwan and Hong Kong stocks outperforming the regional markets.

The Shanghai and Shenzhen stock markets are closed for the May Day Golden Week holiday. The Hong Kong Hang Seng Index rose 374 points or 1.7%, closing at 22,493 points, with a turnover of HKD 78.3 billion. The Taiwan Weighted Average Index rose 442 points or 2.2%, closing at 20,677 points. Taiwan Semiconductor and Hon Hai rose 3.4% and 3.9%, while MediaTek fell 4.1%, dragged down by disappointing quarterly earnings forecasts from Qualcomm.

The Japanese Nikkei Average rose 1.1%, closing at 36,861 points. Toyota, Honda, and Fast Retailing rose 1.4%, while SoftBank and Sony rose 1.1% and 2.3%, respectively. Mitsubishi UFJ Financial fell 2.6%. The South Korean Kospi Index rose 8 points or 0.3%, closing at 2,565 points. SK Hynix and Samsung Biologics rose 3.9% and 3.1%, while Hanwha Aerospace rose 2.4%, and Samsung Electronics fell 1.6%. The Indian Nifty 50 Index rose 247 points or 1%, closing at 24,581 points. Reliance Industries, Tata Consultancy Services, and Infosys rose between 1.1% and 1.4%.

The Australian S&P/ASX 200 Index rose 77 points or 1%, closing at 8,222 points. Pharmaceutical stock CSL and bank stock Westpac rose 2% and 2.1%, respectively. The New Zealand Exchange 50 Index rose 168 points or 1.4%, closing at 12,316 points. The Singapore Straits Times Index rose 11 points or 0.3%, closing at 3,843 points. The Malaysian stock market fell 0.2%, while the Thai and Indonesian stock markets rose 0.3% and 0.4%, respectively, and the Philippine stock market rose 1%. The Vietnamese stock market is closed