Asian Markets Jump On Easing Trade Tensions

Stocks were broadly higher in Asia on Friday after gains overnight on Wall Street.

Investors have stepped up buying on hopes for an easing of tensions in the costly trade war between China and the U.S.

The U.S. agreed to delay another round of tariffs on Chinese imports by two weeks to Oct. 15. Meanwhile, Chinese importers have asked U.S. suppliers for prices for soybeans, pork and other farm goods — a sign they might step up purchases of American agricultural products.

Hong Kong stocks ended the morning on a positive note, boosted by growing hopes for a resolution to the trade row and an expected interest rate cut by the Federal Reserve next week.

The Hang Seng Index rose 0.36 percent, or 98.72 points, to 27,186.35 by the break.

Japan's Nikkei 225 added 1% to 21,982.06 while Sydney's S&P ASX 300 edged 0.1% higher to 6,621.20.

Markets in Shanghai, Taiwan and South Korea were closed for holidays.

Shares rose in India but fell in New Zealand. (AP)