NewsFinale
  • Home
  • News
  • Local News
  • Business
  • Health
  • Finance
  • Celeb Lifestyle
  • Crime
  • Entertainment
  • Advertise Here
Gleammour AquaFresh
NewsFinale
  • Home
  • News
  • Local News
  • Business
  • Health
  • Finance
  • Celeb Lifestyle
  • Crime
  • Entertainment
  • Advertise Here
Home Local News Stock markets in Asia surge before negotiations between the United States and China regarding trade relations.

Stock markets in Asia surge before negotiations between the United States and China regarding trade relations.

Asian shares rally ahead of US-China trade talks
Up next
Woke Hollywood stars unite to back fiery LA anti-ICE protests
Hollywood Celebrities Rally Together in Support of Passionate Anti-ICE Demonstrations in Los Angeles
Published on 09 June 2025
Author
NewsFinale Journal
Share and Follow
FacebookXRedditPinterestWhatsApp


HONG KONG – Shares rose in Asia on Monday ahead of the second round of trade talks between Washington and Beijing, due later in the day in London.

Tokyo’s Nikkei 225 gained 1.1% to 38,137.09 as the government reported that the Japanese economy contracted by 0.2% in the January-March quarter.

In South Korea, the Kospi added 1.9% to 2,865.52.

Chinese markets rose even though the government reported that exports slowed in May, growing 4.8% from a year earlier after a jump of more than 8% in April. Exports to the United States fell nearly 10% compared with a year earlier.

China also reported that consumer prices fell 0.1% in May from a year earlier, marking the fourth consecutive month of deflation.

Hong Kong’s Hang Seng picked up 1.4% to 24,119.64 while the Shanghai Composite Index climbed 0.4% to 3,397.13.

Australia’s market was closed for a public holiday.

On Friday, stocks gained ground on Wall Street following a better-than-expected report on the U.S. job market.

The gains were broad, with every sector in the S&P 500 rising. That solidified a second consecutive winning week for the benchmark index, which has rallied back from a slump two months ago to come within striking distance of its record high.

The S&P 500 rose 1% to 6,000.36. The Dow Jones Industrial Average added 1% to 42,762.87 while the Nasdaq gained 1.2%, to 19,529.95.

Technology stocks, with their outsized values, led the broad gains. Chipmaker Nvidia jumped 1.2% and iPhone maker Apple rose 1.6%.

Tesla rose 3.7%, regaining some of the big losses it suffered on Thursday when Trump and Musk sparred feverishly on social media.

Circle Internet Group, the U.S.-based issuer of one of the most popular cryptocurrencies, rose 29.4%. That adds to its 168% gain from Thursday when it debuted on the New York Stock Exchange.

U.S. employers slowed their hiring last month, but still added a solid 139,000 jobs amid uncertainty over President Donald Trump’s trade war. The closely watched monthly update reaffirmed that the job market remains resilient, despite worries from businesses and consumers about the impact of tariffs on goods going to and coming from the U.S. and its most important trading partners.

President Donald Trump’s on-again-off-again tariffs continue to weigh on companies. Lululemon Athletica plunged 19.8% after the maker of yoga clothing cut its profit expectations late Thursday as it tries to offset the impact of tariffs while being buffeted by competition from start-up brands.

Lululemon joins a wide range of companies, from retailers to airlines, that have warned investors about the potential hit to their revenue and profits because of tariffs raising costs and consumers potentially tightening their spending.

Hopes that Trump will lower his tariffs after reaching trade deals with other countries are a main reason the S&P 500 has rallied back so furiously since dropping roughly 20% two months ago from an all-time high.

The economy is absorbing the impact from tariffs on a wide range of goods from key trading partners, along with raw materials such as steel. Heavier tariffs could hit businesses and consumers in the coming months.

The U.S. economy contracted during the first quarter. Recent surveys by the Institute for Supply Management, a trade group of purchasing managers, found that both American manufacturing and services businesses contracted last month. On Tuesday, the Organization for Economic Cooperation and Development forecast 1.6% growth for the U.S. economy this year, down from 2.8% last year.

The uncertainty over tariffs and their economic impact has put the Federal Reserve in a delicate position.

In other trading early Monday, U.S. benchmark crude oil lost 3 cents to $64.55 per barrel. Brent crude, the international standard, gave up 5 cents to $66.42 per barrel.

The U.S. dollar retreated to 144.42 Japanese yen from 144.85 yen. The euro edged higher, to $1.1422 from $1.1399.

Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Share and Follow
FacebookXRedditPinterestWhatsApp
You May Also Like
More than 160 people are still missing after deadly Texas floods, governor says
  • Local News

More than 160 people are still missing after deadly Texas floods, governor says

HUNT, Texas (AP) — More than 160 people are still believed to…
  • NewsFinale Journal
  • July 9, 2025
Supreme Court keeps hold on Florida immigration law aimed at people in the US illegally
  • Local News

Supreme Court maintains block on Florida immigration law targeting undocumented individuals in the US

A U.S. Supreme Court police officer stands watch as anti-abortion protesters rally…
  • NewsFinale Journal
  • July 9, 2025
Lake County sheriff’s deputy shoots, injures man
  • Local News

A man was shot and wounded by a deputy of the Lake County sheriff’s office.

LAKE COUNTY, Fla. – A Lake County sheriff’s deputy shot and injured…
  • NewsFinale Journal
  • July 9, 2025
Local teens catch 2 sharks, including 13-footer
  • Local News

Two sharks, one of which is 13 feet long, caught by teenagers in the area

TYBEE ISLAND, Ga. () — A local 16-year-old fisherman hooked two sharks…
  • NewsFinale Journal
  • July 9, 2025
14-year-old arrested for overnight Decatur murder: Police
  • Local News

According to police, Monticello burglary case solved with the help of business security cameras

MONTICELLO, Ill. (WCIA) — The Monticello Police Department is highlighting the usefulness…
  • NewsFinale Journal
  • July 9, 2025
Nvidia becomes most valuable company in the world at $4 trillion
  • Local News

Nvidia reaches a market value of $4 trillion, making it the most valuable company globally.

NEW YORK (AP) — Chipmaker Nvidia became the first public company to…
  • NewsFinale Journal
  • July 9, 2025
Shaking up Shakespeare: a different take on the Bard
  • Local News

A fresh perspective on Shakespeare: exploring new interpretations

SAVANNAH, Ga. () — The Assembly of Phantasms (TAOP) is a performance…
  • NewsFinale Journal
  • July 9, 2025
Marion man convicted of beating autistic stepson sentenced
  • Local News

Man from Marion found guilty of assaulting stepson with autism receives punishment

SMYTH COUNTY, Va. (WJHL) — A Marion man was sentenced to two…
  • NewsFinale Journal
  • July 8, 2025

Russia launches biggest-ever drone assault on Ukraine following Trump’s pledge to increase weapon supply

Russia has targeted Ukraine with a record 728 drones, hours after United…
  • NewsFinale Journal
  • July 9, 2025
Hot car deaths claim 10 children in US this year
  • US

Tragic Deaths of 10 Children in the US Due to Heatstroke in Vehicles

Since June 5, 2025 across the U.S. ten children have died in…
  • NewsFinale Journal
  • July 9, 2025
Smoke plumes rising from a bombed-out city.
  • News

Hamas agrees to release 10 hostages as Trump says there’s a ‘very good chance’ for ceasefire deal this week

HAMAS has said it will release 10 hostages amid ongoing efforts to…
  • NewsFinale Journal
  • July 9, 2025
Faith brings light to devastated Texas town after deadly flooding disaster
  • US

Faith brings light to devastated Texas town after deadly flooding disaster

NEWYou can now listen to Fox News articles! Volunteers have descended upon…
  • NewsFinale Journal
  • July 9, 2025
NewsFinale Journal
  • Home
  • Terms and Conditions
  • Sitemap
  • DMCA
  • Advertise Here
  • Donate