By Ronnie Harui
Asian stock markets rose Monday morning amid signs of progress in U.S.-China trade talks over the weekend.
Japan's Nikkei Stock Average edged 0.2% higher, South Korea's Kospi rose 0.6% and Australia's S&P/ASX 200 benchmark index added 0.5%.
Officials from the U.S. and China concluded the weekend's high-stakes trade talks, with Washington touting progress toward a deal and Beijing saying that both sides agreed to begin a formal negotiation process. The talks were "productive," Treasury Secretary Scott Bessent said, adding that the U.S. side will share more details Monday.
"This is a huge positive in the right direction for the markets and more progress has come out of these Swiss talks than even the bulls were hoping for heading into Friday night," Wedbush analysts said.
The details and framework for the U.S.-China trade deal will be key, the Wedbush analysts added.
Write to Ronnie Harui at ronnie.harui@wsj.com
(END) Dow Jones Newswires
05-11-25 2122ET
