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Asian Stocks Surge on U.S.-China Trade Deal Optimism

5/12/2025

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Summary

Story summary

Asian stocks experienced a boost on Monday, fueled by optimism surrounding a U.S.-China trade deal confirmed by U.S. Treasury Secretary Scott Bessent.
The Australian S&P/ASX 200 index increased by 0.27%, driven by strong performances in iron ore and energy sectors.
Hong Kong's Hang Seng Index jumped 2.98% following the trade deal announcement, while Indian stocks rose amid a ceasefire with Pakistan.
Global stock markets are anticipated to open higher, with U.S. futures suggesting a nearly 3% rise.

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Story summary

Asian stocks experienced a boost on Monday, fueled by optimism surrounding a U.S.-China trade deal confirmed by U.S. Treasury Secretary Scott Bessent.
The Australian S&P/ASX 200 index increased by 0.27%, driven by strong performances in iron ore and energy sectors.
Hong Kong's Hang Seng Index jumped 2.98% following the trade deal announcement, while Indian stocks rose amid a ceasefire with Pakistan.
Global stock markets are anticipated to open higher, with U.S. futures suggesting a nearly 3% rise.