Asian markets start the day in green as US, China agree to trade framework

US markets ended the day in green yesterday, 10^th June, 2025. US and China agreed to a framework that will resume the truce in trade war that was reached in their previous round of negotiations in Geneva in May. Lower tariffs that were agreed on in those negotiations, that were to be in force till 9^th June, will continue. China will remove restrictions on export of rare earth minerals, such as magnets, to USA. US will ease restrictions on export of chips and other technology products to China. The framework will now go to US President and Chinese President for their ratification. Meanwhile, a Federal Appeals Court allowed President Trump, yesterday, to continue with the higher import tariffs that he has imposed on many goods.

Nasdaq ended the day, yesterday, up by 123.75 points or 0.63%. S&P 500 ended the day, up by 32.93 points or 0.55%. Dow Jones ended the day, up by 105.11 points or 0.25%.

Asian markets seem to be responding positively to US, China trade framework

Asian markets have started the day in green today. At 8:50 a.m. Indian time, 11^th June, 2025, Nikkei 225 is up by 173.86 points or 0.45%. Hang Seng is up by 236.48 points or 0.98%. Shanghai composite is up by 16.93 points or 0.50%. Kospi is up by 19.71 points or 0.69%. Asian markets seem to be responding positively to the US, China trade framework agreed on, yesterday, in London.

Indian equity markets, therefore, seem to be getting positive cues from foreign markets today. They may start the day on a positive note.

Disclaimer: This article is only for informational purpose. It does not make any recommendation to act or invest. To get any error corrected write to content@hdfcsec.com.

Source: Dow Jones