Asian Shares Mostly Up After Signing of China-U.S. Trade Pact

Share prices were mostly higher Thursday in moderate trading in Asia after the U.S. and China signed a preliminary trade agreement that investors hope will bring better relations between the two biggest economies. Japan’s Nikkei 225 added 0.7% to 23,933.13, while the Kospi in South Korea added 0.8% to 2,248.05. Shares fell in China, with the Shanghai Composite index giving up 0.5% to 3,074.08. In Hong Kong, the Hang Seng picked up 0.1% to 28,797.71. In Australia, the S&P ASX/200 climbed 0.7% to 7,041.80 to a fresh new high, on optimism over the trade deal. President Donald Trump and China’s chief negotiator, Liu He, signed the “Phase 1″ deal on Wednesday before a...