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, with the summit expected to cover trade, artificial intelligence, and geopolitics later this week.
- Following a meeting in New York on Sunday, Treasury Secretary Scott Bessent reported a "very successful engagement" with Chinese Vice Premier He Lifeng, as the United States and China discussed reciprocal tariff reductions on $30 billion worth of goods.
- Regional markets rose as South Korea's Kospi climbed 1.8%, led by a 5% jump in Samsung Electronics, and Taiwan's Taiex rose 1.1% amid investor interest in the ongoing artificial intelligence boom.
- Market sentiment remains cautious amid ongoing tensions between the U.S. and Iran, and oil prices fell early Monday with Brent crude dropping 2.1% as vessel traffic in the Strait of Hormuz increased.
- 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 recently raised rates, with Japanese rates reaching a 31-year high.
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14 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.
Asian stock markets are rising and oil prices are falling at the start of this week's trading session, with optimism fueled by weekend US-China trade talks.
Stocks Rise After Bessent Hails China Talks Ahead of Trump-Xi
NewsFinale NewsFinale Journal HONG KONG – Asian markets mostly rose Monday as investors awaited further developments ahead of an expected meeting between U.S. President Donald Trump and Chinese President Xi Jinping in Washington later this week. Trade, artificial intelligence and broader geopolitical tensions are expected to feature in the talks. U.S. stock futures moved higher after Treasury Secretary […]
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