Asia-Pacific markets trade mixed as traders await details of U.S-China talks
Asia-Pacific markets traded mixed Monday, with investors awaiting more details of the trade talks between the U.S. and China, which are set to kick off in Stockholm later in the day.
The talks will be led by U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng. Bessent said on Fox Business that he expects a trade-truce extension during the negotiations, which he added will include a broader range of topics, such as Beijing’s oil purchases from Russia and Iran.
The U.S.-China talks follow U.S. President Donald Trump’s announcement that the U.S. has reached an agreement with the European Union on Sunday stateside.
The president had previously threatened 30% tariffs on most imported goods from the U.S.’s largest trading partner.
As of 8:10 a.m. Singapore time (8:10 p.m. ET), Japan’s Nikkei 225 benchmark fell 0.85% while the broader Topix index moved down 0.44%.
In South Korea, the Kospi index added 0.15% while the small-cap Kosdaq was flat. Over in Australia, the S&P/ASX 200 benchmark added 0.2%.
Source: CNBC
