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20h ago

Trump and Xi Agree to Continue Trade Negotiations as Asia Markets React

Asia-Pacific markets traded mixed as traders factored in the 90-minute call, looking toward Friday’s U.S. jobs report

A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Friday, June 6, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)
Traders Jeffrey Vazquez, left, and Thomas Ferrigno work on the floor of the New York Stock Exchange, Thursday, June 5, 2025. (AP Photo/Richard Drew)
A person looks at an electronic stock board showing Japan's Nikkei index at a securities firm Friday, June 6, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)
A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Friday, June 6, 2025, in Tokyo. (AP Photo/Eugene Hoshiko)

Overview

  • President Trump and President Xi held a 90-minute call focused on trade, with Trump calling it “very good” and confirming plans for upcoming negotiations.
  • Asia-Pacific markets traded mixed Friday, reflecting caution over the call’s outcome with Japan’s Nikkei and Hong Kong’s Hang Seng futures signaling uneven openings.
  • Luke Yeaman of Commonwealth Bank said the agreement underscores both sides’ economic pain thresholds but warned that trade tensions could resurge.
  • U.S. stock futures held steady as investors awaited Friday’s key jobs report after indexes like the S&P 500 fell 0.53% on Thursday.
  • ANZ economist Raymond Yeung cautioned that China’s overcapacity and deflationary spiral could weigh on its economy through the next Five-Year Plan.