Asia-Pacific Stocks Rise on US-China Trade Progress

Following weekend trade talks between the U.S. and China in Switzerland, major Asia-Pacific equity markets advanced amid optimism over a potential easing of trade tensions. U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng described the discussions as "productive" and noted substantial progress, with both sides agreeing on a new framework for ongoing dialogue. Although specific details of the trade deal remain undisclosed, officials promised further announcements, fueling positive investor sentiment. The talks marked the first high-level engagement since tariffs between the two countries reached prohibitive levels, effectively blocking much bilateral trade. The prospect of resumed deliveries of Boeing aircraft to China was highlighted as an immediate indicator of de-escalation. Market futures in Japan, South Korea, Australia, and Hong Kong indicated gains, reflecting cautious optimism pending more concrete information.