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US China trade talks, Trump tariffs

Shipping container and joint cranes beyond a fishing boat near the Yangshan Deepwater -Hair in Shanghai, China, on Wednesday, December 6, 2023.

Bloomberg | Bloomberg | Getty pictures

The markets in Hong Kong rose over 2%and led in the Asian-Pacific area, where the markets were mostly higher after reporting that US Finance Minister Scott Bessent and the sales representative Jamieson Greer will meet with their Chinese colleagues this week.

Japan's benchmark Nikkei 225 Added 0.22% while the Topix rose by 0.38%. South Korea's Kospi added 0.32%, while the small Kosdaq lost 0.7%.

Australia's benchmark S&P/ASX 200 rose by 0.17%.

The Hong Seng Index from Hong Kong rose by 2.07%after the central supervisory authorities of China and financial supervisory authorities returned to reduce the most important interest rates to support growth in view of the trading worries.

The CSI 300 from mainland China rose by 1.01%.

Besser and Greer will have talks with Chinese officials in Switzerland this week to solve trade and economic questions.

The discussions are a potential turning point in the de -escalation of the trade voltages inflamed by Trump, which last month increased the tariffs for Chinese goods to 145%, while unveiling the taxes in most other countries. In response to this, China has imposed heavy tariffs.

The US stocks promoted on Tuesday evening when investors monitored the latest updates of the US trade negotiations and dealt with the interest display of the Federal Reserve, which were expected on Wednesday afternoon. Dow Jones Industrial Average Futures added 280 points or 0.7%. S&P 500 Futures came by 0.8%, while the Nasdaq 100 -Futures collected by 1%.

The three main middle values ​​closed lower overnight. The Dow Jones Industrial Average lost 389.83 points or 0.95%and closed at 40,829.00. The S&P 500 dropped 0.77% and left 5,606.91 and the Nasdaq Composite dropped 0.87% to 17,689.66. All three important average values ​​recorded declines in a row.

– Hykyung Kim and Pia Singh from CNBC contributed to this report.

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