An electronic board shows Shanghai and Shenzhen stock indices as people walk on a pedestrian bridge at the Lujiazui financial district in Shanghai, China April 3, 2025.\u00a0<\/p>\n
Go Nakamura | Reuters<\/p>\n
Asia-Pacific markets opened mostly higher Friday as investors assessed a truce between Washington and Beijing, following a meeting between President Donald Trump and his Chinese counterpart Xi Jinping.<\/p>\n
They reached a trade deal of sorts during a high-stakes meeting in South Korea on Thursday, de-escalating a dispute over rare earth elements that had threatened to push the world’s two largest economies into a full-blown trade war.<\/p>\n
“Both sides appear to be maintaining leverage for future negotiations by keeping these measures as bargaining chips,” said JPMorgan Asset Management’s global market strategist, Chaoping Zhu.<\/p>\n
Japan’s Nikkei 225<\/a> rose over 1% to hit a fresh record, while the Topix added 0.79%, also scaling a new peak. <\/p>\n South Korea’s Kospi slid 0.19% after hitting a fresh record high on Thursday. The small-cap Kosdaq rose 0.47%.<\/p>\n Australia’s\u00a0S&P\/ASX 200<\/a> started the day 0.45% higher.<\/p>\n Hong Kong’s Hang Seng index was poised to fall. HSI futures were at 26,256, lower than the HSI’s last close of 26,282.69.<\/p>\n Shares of Panasonic Holdings declined over 8% after the firm lowered its forecast for full-year operating profit<\/a> by 13.5% on Thursday, citing a decline in expected profit from its key energy unit, which supplies batteries to Tesla and other automaker.<\/p>\n China is set to release its purchasing managers’ index for October later today, which provides a snapshot of factory and services activity that investors widely track.<\/p>\n Overnight in the U.S., all three major averages closed lower as investors digested a batch of Big Tech earnings. The\u00a0S&P 500<\/a>\u00a0dipped 0.99% to finish the day at 6,822.34, while the\u00a0Nasdaq Composite<\/a>\u00a0dropped 1.57% to close at 23,581.14. The\u00a0Dow Jones Industrial Average<\/a>\u00a0traded down 109.88 points, or 0.23%, to 47,522.12.<\/p>\n \u2014 CNBC’s Sean Conlon and Sarah Min contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"An electronic board shows Shanghai and Shenzhen stock indices as people walk on a pedestrian bridge at the…\n","protected":false},"author":3,"featured_media":344426,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[8000,133,64,81,77,69,79,170,135,15243,67,132,68,11762],"class_list":{"0":"post-344425","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-asia-economy","9":"tag-breaking-news-markets","10":"tag-business","11":"tag-business-news","12":"tag-donald-j-trump","13":"tag-donald-trump","14":"tag-economy","15":"tag-japan","16":"tag-markets","17":"tag-south-korea","18":"tag-united-states","19":"tag-unitedstates","20":"tag-us","21":"tag-xi-jinping"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115466128849515331","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/344425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=344425"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/344425\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/344426"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=344425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=344425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=344425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}