Equities on the Asian markets edged higher on Tuesday as investors reacted to US President Joe Biden's talks with his Chinese counterpart Xi Jinping, which, according to China, achieved several goals including establishing in-depth communication between Washington and Beijing. After the conversation, Biden said he does not think there is an "imminent attempt" by Beijing to invade Taiwan.
On the other hand, China's industrial production and retail sales data both disappointed expectations in October, while Japan's gross domestic product was seen going down by 1.2% on an annual basis in the third quarter of 2022.
In mainland China, the Shanghai Composite increased by 1.22% at 4:03 am CET, with the Shenzhen Composite adding 1.51% a minute later. At 4:05 am CET, South Korea's Kospi went down by 0.24% as the Australian S&P/ASX 200 lost 0.22%. Hong Kong's Hang Seng went up by 2.71% or 478 points at 4:06 am CET, as Japan's Nikkei 225 added 0.11% at 4:35 am CET and the dollar stood 0.50% higher against the yen, going for ¥140.3710 at the same time.
