Asian Shares Rise As US-China Talks Gather Momentum

 Asian Shares Rise As US-China Talks Gather Momentum

BBC LIVE

Asian shares rose on June 10, 2025, driven by optimism surrounding ongoing US-China trade talks in London, which extended into a second day. MSCI's broadest index of Asia-Pacific shares outside Japan climbed 0.7%, reaching its highest level since January 2022. Tokyo's Nikkei 225 gained 1% to 38,473.97, and South Korea's Kospi rose 0.9% to 2,881.40. Hong Kong's Hang Seng advanced 1.35%, while mainland China's CSI 300 increased 0.59%. Investors are hopeful for progress in resolving trade disputes, particularly on critical minerals and tariffs, following a positive call between US President Donald Trump and Chinese President Xi Jinping. However, market sentiment remains cautious due to prior trade tensions and uncertainties around tariff policies.

BBC LIVE

Asian stocks advanced on Tuesday ahead of a second day of talks in London between China and the U.S. to resolve tariff disputes and strengthen economic relations. U.S. officials expressed optimism after the first day of negotiations, boosting investor sentiment.

Nonetheless, regional gains were capped amid caution ahead of key U.S. inflation readings due this week and the Federal Reserve's interest-rate decision, which is slated for June 18.

The dollar inched up in Asian trade and gold was marginally higher around $3,330 per ounce levels while oil held an advance on hopes for progress in U.S.-China trade negotiations.

China's Shanghai Composite index traded within a tight range before ending 0.44 percent lower at 3,384.82 amid prevailing tensions over shipments of technology and rare earth elements. Hong Kong's Hang Seng index slipped marginally to close at 24,162.87.

Japanese markets ended modestly higher to extend gains for a third consecutive session as bond yields fell after reports on relief over possible government auction. The Nikkei average rose 0.32 percent to 38,211.51 while the broader Topix index finished marginally higher at 2,786.24.

Seoul stocks ended higher for a fifth straight session on the back of foreign buying. The Kospi average climbed 0.56 percent to 2,871.85, led by defense and shipbuilding shares.