Stocks Advance After Bessent Says Talks with China Were Successful Before Trump-Xi Meeting
Technology shares led gains as investors watched for trade and AI progress after Bessent called talks with China a very successful engagement.
- Asian shares mostly advanced Monday as investors monitor upcoming talks between President Donald Trump and Chinese leader Xi Jinping in Washington, expected to cover trade, artificial intelligence, and geopolitics later this week.
- Treasury Secretary Scott Bessent reported a "very successful engagement" after meeting Chinese Vice Premier He Lifeng in New York on Sunday, as the United States and China discussed reciprocal tariff reductions on $30 billion worth of goods.
- Technology stocks boosted regional markets, with South Korea's Kospi rising 1.8% and Samsung Electronics jumping 5%, while Taiwan's Taiex climbed 1.1% as investors tracked the ongoing artificial intelligence boom.
- Oil prices fell early Monday with Brent crude dropping 2.1% to $101.67 per barrel as vessel traffic in the Strait of Hormuz increased, though market sentiment remained cautious amid U.S.-Iran tensions.
- Investors are also watching the bond market as the yield on the U.S. 10-year Treasury hit 5%, while the Federal Reserve and the Bank of Japan both raised rates last week, with Japanese rates reaching a 31-year high.
19 Articles
19 Articles
Global Market: China, Hong Kong stocks rise as investors await Trump-Xi meeting
China and Hong Kong stocks rose on Monday led by technology, healthcare, and property shares. Investors parsed high-level talks between US and Chinese officials in New York ahead of a planned summit between US President Donald Trump and Chinese President Xi Jinping aimed at extending an existing bilateral trade truce.
Stocks advance after Bessent says talks with China were successful bef
HONG KONG (AP) — Asian shares mostly advanced Monday as investors monitor updates ahead of the expected meeting between U.S. President Donald Trump and Chinese leader Xi Jinping this week in Washington which could cover trade, artificial
Winnipeg Free Press
Stocks advance after Bessent says talks with China were successful before Trump-Xi meeting
HONG KONG (AP) — Asian shares mostly advanced Monday as investors monitor updates ahead of the expected meeting between U.S. President Donald Trump and Chinese leader Xi Jinping this week in Washington which could cover trade, artificial intelligence and geopolitics.
Future Europeans advance 0.6% against positive signals from pre-Trump-Xi talks
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