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Asian Stocks Rise on US-China Trade Hopes, Tech Boost

Asian Stocks Rise on US-China Trade Hopes, Tech Boost. Source: Photo by Kindel Media

Asian stocks edged higher on Thursday, lifted by renewed hopes for progress in U.S.-China trade relations and gains in tech shares. Investor sentiment improved after U.S. President Donald Trump hinted at a possible trade deal announcement, fueling optimism ahead of talks between Washington and Beijing in Switzerland. However, Trump reaffirmed that his 145% tariffs on Chinese goods would remain in place for now, dampening expectations for a breakthrough.

China’s Shanghai Composite and CSI 300 rose 0.1% and 0.4%, respectively, as confirmation of the upcoming talks lent mild support. Beijing stated the meeting was initiated by the U.S., but insisted on tariff reductions before engaging in serious negotiations.

Regional tech stocks led gains following reports that the U.S. may ease Biden-era export restrictions on advanced AI chips. Hong Kong’s Hang Seng gained 0.9%, Japan’s Nikkei 225 rose 0.4%, and South Korea’s KOSPI added 0.3%. Shares of AI chip suppliers like Taiwan’s TSMC and South Korea’s SK Hynix climbed up to 1.5%, while Japan’s Advantest surged 2.8%. Chinese tech giants Alibaba and Tencent also advanced, driven by expectations of easier access to U.S. chips.

In broader markets, Australia’s ASX 200 added 0.2%, though banking stocks dragged after ANZ Group posted lackluster earnings and Westpac traded ex-dividend. India’s Nifty 50 futures rose 0.5%, signaling resilience despite escalating military tensions with Pakistan, which retaliated against Indian airstrikes in Kashmir. The Nifty gained 0.1% on Wednesday.

Meanwhile, Singapore’s Straits Times Index dipped 0.2%, and Japan’s TOPIX slipped by the same margin. Despite global economic uncertainties flagged by the Federal Reserve, regional markets largely tracked Wall Street’s tech-driven rebound.

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