BusinessPostCorner.com
No Result
View All Result
Tuesday, June 3, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Global stocks rally as Beijing considers US trade talks

May 2, 2025
in Finance
Reading Time: 2 mins read
A A
0
Global stocks rally as Beijing considers US trade talks
ShareShareShareShareShare

Stay informed with free updates

Simply sign up to the Equities myFT Digest — delivered directly to your inbox.

Signs of a possible thaw in trade tensions helped drive global markets higher on Friday after Beijing said it was “evaluating” recent overtures from Washington on starting trade talks.

China’s commerce ministry said the US had recently “conveyed messages to China through various channels, expressing a desire to engage in discussions”.

“China is currently evaluating this,” the ministry spokesperson said.

Global equities rallied, with Taiwan’s Taiex climbing 2.7 per cent, Hong Kong’s Hang Seng index rising 1.8 per cent and Europe’s Stoxx 600 index gaining 1 per cent.

S&P 500 futures climbed 0.5 per cent. The Wall Street benchmark has been buoyed by strong Big Tech earnings this week and is on the brink of erasing all of its losses since Donald Trump’s “liberation day” tariff blitz on April 2 sent global markets into a tailspin.

“The peak of uncertainty may be over,” said Wee Khoon Chong, a senior strategist at BNY.

Asian currencies rallied against the dollar on signs of easing trade tensions. China’s offshore renminbi climbed 0.5 per cent to Rmb7.4 while the Korean won strengthened 1.9 per cent to Won1,406. The Taiwanese dollar led gains as it surged 4.1 per cent.

Friday’s statement marks a slight softening of Beijing’s stance from last week, when it said Washington would need to drop its steep levies on China for talks to begin, and was first signalled by a social media account tied to state broadcaster CCTV on Thursday.

Beijing said its position had not changed. “China emphasises that in any possible dialogue or negotiation, if the US fails to correct its erroneous unilateral tariffs, it would indicate a complete lack of sincerity and would further erode mutual trust,” the spokesperson said.

“If it is talks, the door is wide open,” the ministry said. “If it is a fight, we’ll see it through to the end.”

The remarks from Beijing came as the US and Japan agreed to aim to have a trade deal ready by June.

Wall Street earnings also helped buoy sentiment in Taiwan and South Korea, home to the chip manufacturers essential for the continuing build-out of artificial intelligence servers.

Shares of Taiwan Semiconductor Manufacturing Co rose 4.6 per cent. SK Hynix and Samsung Electronics rose 4.8 per cent and 4.6 per cent, respectively.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Marks & Spencer says it is working ‘day and night’ over cyber attack

Next Post

What we know about it and the impact it’s having

Next Post
What we know about it and the impact it’s having

What we know about it and the impact it's having

To succeed at succession, ask yourself these hard questions

To succeed at succession, ask yourself these hard questions

May 29, 2025
How Iran is preparing for Israeli or US strikes

How Iran is preparing for Israeli or US strikes

June 1, 2025
Senate begins putting stamp on Trump tax bill

Senate begins putting stamp on Trump tax bill

June 2, 2025
ETH Price Rally Incoming? Ethereum Funds See 1M Inflows

ETH Price Rally Incoming? Ethereum Funds See $321M Inflows

June 2, 2025
3 benefits of antioxidant-packed tart cherry juice, according to science

3 benefits of antioxidant-packed tart cherry juice, according to science

May 29, 2025
Russian Investigators ‘Seized .2M Worth of Crypto from Hydra Darknet Server Chief’

Russian Investigators ‘Seized $8.2M Worth of Crypto from Hydra Darknet Server Chief’

June 2, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Texas Congressman Slammed for Delayed Bitcoin Disclosure of 0K Purchases

Texas Congressman Slammed for Delayed Bitcoin Disclosure of $500K Purchases

June 3, 2025
BlackRock removed from Texas blacklist after climate policy rollback

BlackRock removed from Texas blacklist after climate policy rollback

June 3, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!