Delhi, 9 May (H.S.): Asian stocks saw a slight increase on Friday following President Donald Trump's announcement of a trade deal with the UK and a hint that tariffs on Chinese goods might decrease with successful negotiations. Japanese shares surged by 1.1%, buoyed by ongoing discussions about lowering tariffs with the US.
Meanwhile, Treasuries remained stable after a yield spike, and Bitcoin rose 0.4% to approximately $103,000. The Nasdaq Golden Dragon China Index experienced a 1% uptick during US trading. Trump expressed optimism about upcoming talks with China, describing his trade framework with the UK as a pivotal step in reshaping the global economy.
Louis Navellier noted a risk-on sentiment among investors despite the looming tariffs. Trump signaled that a successful dialogue could lead to a reduction of the 145% tariff on numerous Chinese imports.
However, analysts, including Fawad Razaqzada, indicated that the US-China talks might yield gradual progress rather than immediate breakthroughs. In commodities, oil prices rose in anticipation of further trade agreements, while India reported heightened tensions with Pakistan following drone and missile interactions.
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Hindusthan Samachar / Jun Sarkar
