Chinese and Hong Kong stock markets opened the week on a positive note, buoyed by gains in rare-earth and technology sectors, as investor focus shifted to high-stakes US-China trade negotiations set to begin in London.
China's major indices saw modest gains by midday on Monday, with the blue-chip CSI300 and the Shanghai Composite Index both rising 0.2%. Hong Kong’s Hang Seng Index climbed over 1%, surpassing the 24,000 mark for the first time since March 21.
Market sentiment remained cautiously optimistic ahead of a crucial round of U.S.-China trade talks. Senior officials, including U.S. Treasury Secretary Scott Bessent and China’s Vice Premier He Lifeng, are meeting in London to address escalating trade tensions. The meeting follows a direct phone call between President Donald Trump and President Xi Jinping, their first conversation since renewed friction emerged after the Geneva accord.
“The tone from Trump suggests potential for progress,” analysts at China Securities noted, adding that any breakthrough could provide a lift to global markets.
Leading Monday's gains was China’s strategically vital rare-earth sector, up 1.6%, as it is expected to be a central topic in the negotiations. Technology stocks also saw strong momentum in Hong Kong, with the Hang Seng Tech Index surging 2.3% to reach its highest level in nearly three weeks.
Meanwhile, the yuan traded flat, last seen at 7.1872 per dollar.
Despite today’s uptick, Chinese equities have largely moved sideways since April 2, when Trump introduced sweeping tariffs in a move that reignited global trade concerns. The CSI300 has shown minimal change since then, while the Hang Seng Index has gained about 3%, still trailing behind the recovery seen in other major global markets.
On the economic front, China’s consumer prices declined for a fourth consecutive month in May, and producer deflation deepened—highlighting ongoing challenges from trade disputes and a stagnant property sector.
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An unprecedented autumn Antarctic expedition found abundant plankton in deep ocean layers, challenging seasonal norms. Scientists link this to deep convection in the Ross Sea's polynya, shaping marine life and revealing a crucial "dark ecosystem" previously unknown in colder months.
Iran's Foreign Ministry spokesperson, Esmaeil Baghaei, has stated that Tehran will soon present a nuclear proposal to the United States. This announcement follows the recent delivery of a U.S. proposal to Iran via Omani mediation.
NATO Secretary General Mark Rutte today demanded a "quantum leap" in air defence, calling for a 400% increase and pushing for a 5% GDP security spending target.
As the International Atomic Energy Agency (IAEA) Board of Governors convenes in Vienna this week, Iran faces mounting pressure on two fronts—fighting to avoid the reinstatement of UN nuclear sanctions and seeking relief from unilateral US sanctions—amid stalled indirect negotiations with Washington
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Iran's Foreign Ministry spokesperson, Esmaeil Baghaei, has stated that Tehran will soon present a nuclear proposal to the United States. This announcement follows the recent delivery of a U.S. proposal to Iran via Omani mediation.
NATO Secretary General Mark Rutte today demanded a "quantum leap" in air defence, calling for a 400% increase and pushing for a 5% GDP security spending target.
An Australian journalist reporting live from the Los Angeles protests on Sunday was struck by a rubber bullet fired by a police officer, an incident that has highlighted the growing dangers faced by media personnel covering civil unrest.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for June 9th, covering the latest developments you need to know.
An unprecedented autumn Antarctic expedition found abundant plankton in deep ocean layers, challenging seasonal norms. Scientists link this to deep convection in the Ross Sea's polynya, shaping marine life and revealing a crucial "dark ecosystem" previously unknown in colder months.
Iran's Foreign Ministry spokesperson, Esmaeil Baghaei, has stated that Tehran will soon present a nuclear proposal to the United States. This announcement follows the recent delivery of a U.S. proposal to Iran via Omani mediation.
NATO Secretary General Mark Rutte today demanded a "quantum leap" in air defence, calling for a 400% increase and pushing for a 5% GDP security spending target.
As the International Atomic Energy Agency (IAEA) Board of Governors convenes in Vienna this week, Iran faces mounting pressure on two fronts—fighting to avoid the reinstatement of UN nuclear sanctions and seeking relief from unilateral US sanctions—amid stalled indirect negotiations with Washington
An Australian journalist reporting live from the Los Angeles protests on Sunday was struck by a rubber bullet fired by a police officer, an incident that has highlighted the growing dangers faced by media personnel covering civil unrest.
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