US EditionAsian markets cheer as pause in US-China trade war boosts risk appetite
- Asian markets advanced on Monday as U.S. And China concluded two days of trade talks in Geneva, raising hopes of easing tariff tensions.
- The talks followed a prolonged tariff standoff, with U.S. Duties on Chinese goods reaching 145%, and speculation about possible tariff reductions.
- Futures for U.S. And Asian indices rose, oil prices increased, and investors awaited upcoming U.S. Inflation and retail sales data to gauge tariff impacts.
- U.S. Treasury Secretary Scott Bessent described the talks as yielding "a great deal" of productivity, while Chinese officials reported an "important consensus" to continue discussions.
- Although no concrete deal emerged, the progress offers a framework for future talks that could reduce tariffs and help avoid a global economic downturn.
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Channel News Asia+2 Reposted by 2 other sources
Asian markets cheer as pause in US-China trade war boosts risk appetite
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