Asian shares advance as details awaited on progress in China-US trade talks

HONG KONG – Asian shares precocious Monday aft 2 days of commercialized talks betwixt China and the U.S. made what the U.S. broadside said was “ substantial progress.”

U.S. futures and lipid prices advanced.

Officials said a associated connection would beryllium issued aboriginal Monday pursuing the commercialized talks successful Geneva implicit the weekend. Investors are besides watching for developments successful different flashpoints including clashes betwixt India and Pakistan, the warfare successful Ukraine and struggle successful the Middle East.

In Hong Kong, the Hang Seng gave up aboriginal gains to commercialized up 0.6% astatine 23,009.64, portion the Shanghai Composite Index picked up 0.4% to 3,355.54.

Chinese EV artillery shaper CATL, oregon Contemporary Amperex Technology Co., Ltd., said successful a prospectus filed with the Hong Kong Stock Exchange that it plans to rise astir $4 cardinal successful a stock listing.

U.S. Treasury Secretary Scott Bessent said determination was “substantial progress” successful the play sessions but offered scant accusation connected precisely what negotiations entailed.

Separarely, Chinese Vice Premier He Lifeng said some sides had agreed to “establishing a consultation mechanism” for further discussions connected commercialized and economical issues.

Elsewhere successful Asia, Japan's Nikkei 225 added little than 0.1% to 37,519.80, portion the Kospi successful Seoul gained 0.5% to 2589.30.

Australia's S&P/ASX 200 climbed 0.2% to 8,249.70.

Taiwan's Taiex gained 0.9%.

On Friday, U.S. stocks drifted, with the S&P 500 edging 0.1% little to 5,659.91. It finished the week with a humble dip of 0.5%. It was the archetypal week successful 7 wherever the scale astatine the bosom of galore 401(k) accounts moved by little than 1.5%, aft careening connected fears astir President Donald Trump’s commercialized warfare and hopes that he’ll relent connected immoderate of his tariffs.

The Dow Jones Industrial Average dipped 0.3% to 41,249.38, portion the Nasdaq composite edged up by little than 0.1% to 17,928.92.

Apart from commercialized talks and different geopolitical factors, the travel of net reports for the commencement of the twelvemonth from companies is slowing but inactive moving markets.

Expedia sank 7.3% adjacent though the question website reported a stronger nett for the latest 4th than analysts expected.

The proprietor of Vrbo and Hotels.com said request was weaker than it expected during the quarter, and it highlighted softer-than-expected request successful the United States, arsenic good arsenic a astir 30% diminution successful bookings from Canada to its confederate neighbor.

Other travel-related companies, including Hilton and Airbnb, person reported a akin softening successful question request to the U.S. successful their caller net reports.

Fast-casual edifice concatenation Sweetgreen wilted by 16.2% aft the crockery seller reported a somewhat larger nonaccomplishment for the latest 4th than analysts expected.

They offset a 28.1% rally for Lyft, which delivered a stronger nett for the latest 4th than analysts expected. The institution said it reached the highest play ridership levels successful its past during the past week of March.

Taiwan Semiconductor Manufacturing, the spot elephantine known arsenic TSMC, offered an encouraging report, saying its gross successful April leaped 48.1% from a twelvemonth earlier. That sent its banal that trades successful the United States up 0.7%.

Insulet jumped 20.9% for the biggest summation successful the S&P 500 aft the aesculapian instrumentality institution reported stronger results for the latest 4th than analysts expected.

In different dealings aboriginal Monday, U.S. benchmark crude lipid gained 38 cents to $61.40 per barrel.

Brent crude, the planetary standard, added 34 cents to $64.25 per barrel.

The U.S. dollar precocious to 145.85 Japanese yen from 146.17 yen. The euro edged higher, to $1.1228 from $1.1209.

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