Asian Markets Brace for US-China Trade Talks as US Stocks Close Higher
Singapore – Investors in Asia are closely monitoring the upcoming resumption of US-China trade talks in Stockholm on Monday, a development that could influence market sentiment across the region. The discussions, aimed at addressing long-standing economic disputes, will be led by U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier he Lifeng.
Futures for Hong Kong’s Hang seng Index are indicating a slightly stronger opening, trading at 25,396 compared to its previous close of 25,388.35. Japan’s Nikkei 225 is also poised for a higher start, with Chicago futures at 41,645 and Osaka futures at 41,410, against Friday’s closing figure of 41,456.23. In contrast, Australia’s S&P/ASX 200 is expected to open lower, with futures at 8,626, down from its last close of 8,666.90.
Meanwhile, U.S. stock markets concluded Friday on a positive note, with all three major averages posting gains for the week. The S&P 500 finished the session 0.40% higher at 6,388.64.The Nasdaq Composite rose 0.24% to 21,108.32, and the Dow Jones Industrial Average climbed 208.01 points, or 0.47%,to settle at 44,901.92.
despite potential near-term market fluctuations, UBS Global Wealth Management advises investors against excessive concern. Ulrike Hoffmann-Burchardi, chief investment officer for the Americas and global head of equities, noted that while threats to Federal Reserve independence, resurgent trade tensions ahead of an August 1 deadline, and potential economic harm from tariffs could contribute to volatility, any market swings are expected to be temporary.