Asian stock market shares surged Tuesday following the conclusion of United States President Donald Trump's visit to Japan. Trump and his officials spent the time talking with Japanese Prime Minister Shinzo Abe to hash out a possible trade deal between both their countries.
Following the conclusion of their meeting, Japan's Nikkei 225 rose by as much as 0.37 percent to 21,260.14. Meanwhile, the country's Topix index finished the trading day at 1,550.99; a 0.26 percent rise.
Bolstered by an announcement of a share buyback and Trump's successful visit to the country, Tokyo Electron shares jumped by 2.7 percent. Other Japan indexes that saw significant increases include the MSCI Asia index, which rose by 0.18 percent to 500.63.
Apart from positively affecting Japanese stocks, Trump's recent visit also saw relatively large increases in markets in South Korea, Australia, and Mainland China. South Korea's Kospi index gained 0.23 percent, while Australia's ASX 200 index jumped by 0.51 percent at the end of the trading day.
China's Shanghai Composite Index advanced by 0.61 percent, ending the trading day at 2,909.91. Shenzhen component also rose by 0.62 percent, ending at 9,035.69, while the Shenzhen composite gained 0.53 percent. Hong Kong's Hang Seng Index was up by 0.2 percent, with the biggest gainer from the Chinese tech firm Tencent with 1.05 percent gain.
Trump spent a total of four days in Japan, ending his visit on Tuesday. Trump spent his last day in the country in a news conference with the Japanese prime minister. During the event, Trump announced that the goal of his visit was to remove trade barriers between Japan and the United States.
Trump reportedly negotiated for the US to have a fair footing in the country in terms of its exports. The US president also acknowledged the fact that there is currently a trade imbalance between their nations and that it was a problem that he will be addressed immediately.
The successful visit to Japan has somewhat inspired hope amongst investors that the United States may eventually protract its stance towards China. When asked about his stance towards a possible deal with China, Trump stated that they were simply not yet ready to sign any deal with Beijing.
China has so far stood firm in its resolve to not give in to US demands despite the recent tariff hikes and the inclusion of Huawei in its trade blacklist. Investment analysts stated that the US' relationship with Japan does hold some bearing to its on-going trade tension with China, although Trump does likely feel closer to Japan.
