Asian markets traded higher on Friday (May 2, 2025) amid rising hopes of a de-escalation in the US-China trade war after China said it is “currently assessing” proposals by the United States for beginning trade talks.
“The US has recently sent multiple messages to China through relevant parties, hoping to start talks with China. China is currently evaluating this,” said the spokesperson for China’s Commerce Ministry in a statement today.
Asian markets performance
The key MSCI Asia ex Japan index was up a sharp over 1.15 per cent at 587.79.
Hong Kong’s Hang Seng was up 1.5 per cent, while South Korea’s Kospi traded with marginal gains of 0.1 per cent. Meanwhile, Japan’s Nikkei and Singapore’s Straits Times traded with gains of 0.69 per cent and 0.19 per cent, respectively.
Australia’s S&P/ ASX 200 traded firm with gains of 0.81 per cent.
Oil prices
Oil prices also rose as China stated that its door is open for trade talks with the US, in a tone shift that could lead to negotiations in the ongoing trade war between the world’s two leading economies.
Brent crude futures rose 38 cents, or 0.6%, to $62.51 a barrel, while U.S. West Texas Intermediate crude futures added 38 cents, or 0.6%, to $59.62 a barrel.
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
