Asian stock markets simultaneously increased points in the opening session on the morning of September 21 as investors received positive signals from high-level trade talks between US and Chinese economic officials held last weekend in New York, according to AFP.
The constructive atmosphere of dialogue between the two leading economies in the world has eased the market's cautious sentiment after fluctuations due to global monetary tightening policies.
Earlier on September 20, US Treasury Secretary Scott Bessent and Chinese Deputy Prime Minister He Lifeng had a discussion lasting about 8 hours in New York to prepare for the summit meeting between President Donald Trump and President Xi Jinping in Washington on September 24.
The US side said that the two sides have made much progress in discussing tariffs, rare earth supply and proposing the establishment of an US-China AI Dialogue channel to address technology risks.
The positive impact from the negotiating table quickly triggered a buying wave on regional exchanges on the morning of September 21.
In Hong Kong (China), the Hang Seng index increased by 0.5% to 24,875.93 points after one hour of trading, while the Shanghai Composite index on the Shanghai exchange also recorded an increase of 0.5% to 3,932.64 points. In South Korea, the push from potential technology deals pulled the Kospi index to break through strongly by 1.5%.
Besides the upward momentum of the stock market, the energy market also reacted positively when Brent crude oil prices fell 2% to 101.77 USD per barrel and WTI oil retreated to 98.19 USD per barrel thanks to expectations that Saudi Arabia will restore export supply, thereby reducing inflationary pressure and supporting the recovery momentum of global financial markets.
