Asian Markets Rally as Trade Tensions Ease; CATL Earnings Boost EV Sector
Asian markets experienced broad gains as trade tensions between the US and China showed signs of easing. Battery manufacturer CATL reported impressive preliminary Q3 results, boosting electric vehicle stocks across the region. Technology and insurance sectors also showed strong performance amid renewed investor optimism.
Market Rally Driven by Easing Trade Concerns
Asian equities posted significant gains amid reports of easing trade tensions between the United States and China, according to market analysts. Sources indicate that President Trump’s outlined focus areas and announced 2026 China visit contributed to improved market sentiment. The renminbi reportedly appreciated to 7.11 per USD from nearly 7.14 just a week earlier, supporting the positive momentum.