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US Stocks Drift and Chinese Markets Rise as Trade Talks Start Between the World’s Largest Economies
- On June 9, US and Chinese officials began trade talks in London while Asian markets, including Singapore, rose amid hopes to ease tensions.
- These talks follow ongoing trade disputes and a 90-day tariff pause, with China recently approving some rare earth export applications on June 7.
- Asian indexes gained notably with the Hang Seng up 1.63%, South Korea's Kospi 1.55%, Japan's Nikkei 0.9%, and Singapore's STI rising 0.1% to 3,936.32.
- In the US, the S&P 500 edged up 0.1% and neared its February record, while the Dow slipped slightly and the Nasdaq rose 0.3%, reflecting cautious optimism.
- The trade talks could help avoid recession risks, supporting market stability and signaling potential tariff reductions that may benefit global supply chains.
99 Articles
99 Articles
US stocks end mostly up as markets eye trade talks
NEW YORK, United States — US stocks edged higher Monday as US and Chinese representatives held high-stakes trade talks. Markets also looked ahead to key economic data. Trade representatives for the world’s two biggest economies plan a second day of talks on Tuesday. This follows an opening round on Monday. Although there were no breakthroughs,
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US stocks drifted closer to record highs on Monday as the world's two largest economies began talks on trade that could help avoid a recession. The S&P 500 rose 5.52 points, or 0.1%, to 6,005.88 and is 2.3% below the record it reached in February....
US stocks drift and Chinese markets rise as trade talks start between the world's largest economies (copy)
NEW YORK — U.S. stocks drifted through a quiet Monday as the world’s two largest economies began talks on trade that could help avoid a recession.
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