Amid positive signals from the US-China deal, US stocks rise

(Dan Tri) - Major indexes on Wall Street and many Asian exchanges increased simultaneously, investors expect the US-China trade negotiations to bring positive results to the market.

Markets in the Asia- Pacific region opened in the green on the morning of June 11 as investors continued to closely monitor the US-China trade talks in London, with US Commerce Secretary Howard Lutnick describing the discussions as “productive”.

US Deputy Treasury Secretary Scott Bessent left the talks, while Mr. Lutnick and Trade Representative Jamieson Greer remained to negotiate.

Japan's Nikkei 225 rose 0.69% in early trading, while the Topix rose 0.2%. In South Korea, the Kospi rose 0.56% and the Kosdaq rose 0.8%. Australia's S&P/ASX 200 rose 0.59%, surpassing its previous record high.

US stock indexes increased simultaneously in the session of June 10 (Photo: Reuters).

Hang Seng Index futures (Hong Kong - China) showed a weaker opening at 24,111 points, lower than the previous session's close of 24,162.87 points.

Meanwhile, in the US, the S&P 500 index closed up 0.55% at 6,038.81 points on June 10, boosted by a 5.6% gain in Tesla shares. The recovery comes as investors hope that the US-China trade talks will yield positive results, helping to cool down the year-long tariff war.

The Nasdaq rose 0.63% to 19,714.99, while the Dow Jones rose 0.25% to 42,866.87. Of the 11 sectors in the S&P 500, 10 rose, led by energy, which rose 1.77%, followed by consumer discretionary, which rose 1.19%.

A preliminary deal reached last month had offered some hope, but accusations from Washington that Beijing was hampering exports of rare earths - key materials for the aerospace, semiconductor and defense industries - have made markets more cautious.

However, investors are now more optimistic as US Commerce Secretary Howard Lutnick said the negotiations are going well and could end on the night of June 10, although he did not rule out the possibility of extending to the next day.

Shares of major technology companies were mixed. Microsoft fell 0.4%, while Alphabet rose 1.4% after Reuters reported that OpenAI plans to use Google's cloud computing services to meet its growing data processing needs.

Market liquidity was high with 18.5 billion shares traded, higher than the average of 17.9 billion over the last 20 sessions. Investors are now focusing on US consumer inflation data, scheduled for release on June 11 (US time), to look for more clues on the Federal Reserve's interest rate adjustment roadmap.

The World Bank has just cut its global growth forecast for 2025 to 2.3%, down 0.4 percentage points from its previous forecast, warning that higher taxes and increased uncertainty are “significant drags” on most economies .

Gold price slightly decreased

On the international market, the price of gold early this morning (June 11, Vietnam time) was traded around 3,330 USD/ounce, down 0.64% compared to the previous trading week.

World gold prices fell slightly as investors closely watched developments in trade negotiations between the US and China. A potential deal could ease trade tensions and support global economic growth, thereby reducing safe-haven demand for gold. At the same time, the rising US dollar also put pressure on the precious metal.

"In recent sessions, gold prices have corrected slightly from the peak, mainly due to optimism surrounding the prospects of negotiations between China and the US, as well as between the UK and Russia," said David Meger, director of metals trading at High Ridge Futures.

If a deal is reached, gold could lose its appeal as a safe haven amid geopolitical and economic uncertainty, experts say.

Investors are expecting a deeper correction, possibly around $3,100 an ounce, but for now, the market is still waiting for the outcome of the US-China negotiations, said Bob Haberkorn, senior market strategist at RJO Futures.

Source: https://dantri.com.vn/kinh-doanh/giua-tin-hieu-tich-cuc-tu-thoa-thuan-my-trung-chung-khoan-my-khoi-sac-20250611081326757.htm