Asian Markets Rise After US-China Trade Talks Progress

Published:

Asian Markets Rise After US-China Trade Talks Progress
Photo: Koji Sasahara/AP/TT

The development pointed mostly upwards on Asia's leading stock exchanges in the initial Monday trading, since China and the USA announced that they had made "significant progress" in the weekend's meetings regarding the trade war.

In Hong Kong, the Hang Seng index pointed to a plus of 0.6 percent after a couple of hours of trading. Shanghai's and Shenzhen's composite index were up 0.4 and 1.1 percent, respectively.

In Tokyo, the Nikkei 225 index was traded just above zero when the traders took a lunch break.

In Hong Kong, the Hang Seng index simultaneously pointed to a plus of 1.1 percent an hour after opening.

In South Korea, the Kospi index was traded up 0.5 percent.

The signals from China and the USA were optimistic after the countries met for negotiations for the first time since the trade war started. Both sides announced that important progress had been made, but the details are still unclear.

The US Finance Minister Scott Bessent to provide more information on Monday.

As we say in China: If the dishes are delicious, the timing of them doesn't matter, said China's Vice Trade Minister Li Chenggang to reporters in Geneva.

When they are released, it will be good news for the world, he continued.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

Nelly Wins Case Against Shein but Must Cover Some Court Costs

Nelly Wins Case Against Shein but Must Cover Some Court Costs

Offline Card Payments for Essential Goods Coming by Next Summer

Offline Card Payments for Essential Goods Coming by Next Summer

Storm Amy Drives Electricity Prices to Zero in Southern Sweden

Storm Amy Drives Electricity Prices to Zero in Southern Sweden

Blue and yellow IKEA continues to grow in the US - buys a large property in central New York as part of its expansion

Blue and yellow IKEA continues to grow in the US - buys a large property in central New York as part of its expansion

Clas Ohlson Warehouse Staff Face Termination Over New Agreement

Clas Ohlson Warehouse Staff Face Termination Over New Agreement

Stockholm Leads Europe in Stock Market Growth with Verisure Listing

Stockholm Leads Europe in Stock Market Growth with Verisure Listing

Oskarshamn Nuclear Reactor Restart Delayed Again

Oskarshamn Nuclear Reactor Restart Delayed Again

Financial Supervisory Authority Warns of Growing Scam List

Financial Supervisory Authority Warns of Growing Scam List

Service Sector Shows Clear Recovery in September Index

Service Sector Shows Clear Recovery in September Index

Second-Highest Rent Increase in Over 20 Years Reported This Year

Second-Highest Rent Increase in Over 20 Years Reported This Year

Stockholm Stock Market Rises for Sixth Consecutive Day

Stockholm Stock Market Rises for Sixth Consecutive Day

International Flights Rise in Sweden This Year

International Flights Rise in Sweden This Year

Japanese Stock Market Rises as Technology Shares Surge

Japanese Stock Market Rises as Technology Shares Surge

Swedish Apartment Prices Drop Since 2021: Where They Fell Most

Swedish Apartment Prices Drop Since 2021: Where They Fell Most

Lyten Signs Collective Agreement After Northvolt Acquisition

Lyten Signs Collective Agreement After Northvolt Acquisition

Democrat Urges Trump to Release Job Figures Amid Government Shutdown

Democrat Urges Trump to Release Job Figures Amid Government Shutdown

Wall Street Hits New Record Levels Amid Tech Stock Gains

Wall Street Hits New Record Levels Amid Tech Stock Gains

Stegra to Purchase Iron Ore from Blacklisted Vale

Stegra to Purchase Iron Ore from Blacklisted Vale

Tesla Exceeds Q3 Delivery Expectations with 497,100 Cars

Tesla Exceeds Q3 Delivery Expectations with 497,100 Cars

US Urges Astra Zeneca to Move Headquarters to New York

US Urges Astra Zeneca to Move Headquarters to New York