Asia-Pacific markets were set to open higher Monday, after top U.S. and Chinese trade negotiators announced they had reached a framework on several disputed issues, paving the way for U.S. President Donald Trump and Chinese President Xi Jinping to sign off on the terms.
U.S. Treasury Secretary Scott Bessent said in an interview with CBS News that Trump’s proposed 100% tariffs on Chinese imports are “effectively off the table.” He added that China is expected to make significant soybean purchases and to delay broad restrictions on rare earth exports. The U.S., however, will maintain its current export controls on China, Bessent noted.
Japan’s benchmark Nikkei 225
index was set for a higher open, with its futures contract in Chicago trading at 50,335 and its counterpart in Osaka at 49,560 against the index’s last close of 49,299.65.
Futures of Hong Kong’s Hang Seng Index
