Trade Talks Boost Asian Markets
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Asian markets rallied Monday following positive weekend talks between US and Chinese officials in Geneva. Benchmark indexes in Japan and South Korea rose, while Hong Kong and Shenzhen saw approximately 1% gains. US Treasury Secretary Scott Bessent reported "substantial progress," echoed by China's vice premier. Futures suggest similar gains for the S&P 500. These talks follow recent tariff escalations that severely hampered trade between the two nations.
Asian markets rallied Monday following positive weekend talks between US and Chinese officials in Geneva. Benchmark indexes in Japan and South Korea rose, while Hong Kong and Shenzhen saw approximately 1% gains. US Treasury Secretary Scott Bessent reported "substantial progress," echoed by China's vice premier. Futures suggest similar gains for the S&P 500. These talks follow recent tariff escalations that severely hampered trade between the two nations.
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