Trump will successively visit Japan and South Korea, with the Japanese and South Korean stock markets opening sharply higher

China Fund Reporter Li Zhi

On October 27, the Japanese and South Korean stock markets opened sharply higher, with the Nikkei 225 index first breaking 50,000 points, rising over 2%.

The Tokyo Stock Exchange index hit a new all-time high, with the latest increase of 1.55%.

Blue-chip stocks rallied, with SoftBank Group, Mitsubishi UFJ Financial Group, and Hitachi all rising over 2%.

In terms of news, U.S. President Trump is expected to visit Japan for three days starting October 27, after visiting Malaysia. Trump's first meeting with Japanese Prime Minister Fumio Kishida is expected to take place on the 28th. Currently, security around the U.S. embassy in Japan has been strengthened.

According to Reference News, Japanese Prime Minister Fumio Kishida held his first telephone conversation with U.S. President Trump since taking office on the 25th, and both sides agreed to further elevate the Japan-U.S. alliance to a higher level. After the phone call, Kishida revealed this to reporters at the hotel where he was staying. The call lasted about 10 minutes.

In addition, the South Korean KOSPI index rose over 2% at one point, breaking the 4,000-point mark for the first time and setting a new historical record.

In terms of news, Trump previously stated that an agreement with South Korea is quite close to being reached.

South Korean President Lee Jae-myung recently stated that the Korea-U.S. trade negotiations are still stalled due to the U.S. demand for $350 billion in investment. South Korea's defense spending accounts for 3.5% of GDP, reflecting strategic autonomy and national independence, and not just an alliance with the U.S. Trade negotiations with the U.S. will take time, but he believes a reasonable agreement will ultimately be reached, expressing confidence in achieving a reasonable outcome in this negotiation.