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Trade Talks, Tech Strength Lift Asian Stock Markets
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Trade Talks, Tech Strength Lift Asian Stock Markets
Jun 9, 2025 4:00 AM

06:43 AM EDT, 06/09/2025 (MT Newswires) -- Asian stock markets traded higher Monday as investors awaited news from US-China trade talks, slated for Monday in London. Tech issues rose after gains in peer enterprises during the previous US and European trading sessions.

Hong Kong, Shanghai, and Tokyo finished in the green, as did most other regional exchanges. Sydney was closed on holiday.

In Japan, the Nikkei 225 opened higher on Wall Street cues, finishing up 0.9%.

The benchmark Nikkei 225 rose 346.96 to 38,088.57, as gaining issues outnumbered losers 121 to 95.

Leading the upside was semiconductor manufacturing equipment maker Socionext, up 7.3%, while online medical services company M3 declined 4.2%.

In economic news, Japan's Economy Watchers Survey index, a polling of the nation's front-line service sector workers, logged at 44.4 in May, up from 42.6 in April, but still striking below the 50-mark that separates optimism from pessimism, reported the Cabinet Office.

In Hong Kong, the Hang Seng Index finished up 1.6% on the pending trade talks and tech-sector strength.

The broad gauge Hang Seng rose 388.89 to 24,181.43, as gaining issues outnumbered losers 64 to 18. The Hang Seng TECH Index gained 2.8% on the day, while the Mainland Properties Index rose 0.9%.

Leading the upside was internet services firm Kuaishou Technology, gaining 5.6%, while Geely Automobile declined 2.1%.

On the mainland, the Shanghai Composite rose 0.4% to 3,399.77.

In economic news, China's consumer price index (CPI) in May fell 0.1% on the year, the National Bureau of Statistics (NBS) reported.

China's producer price index (PPI), which measures the price of goods at the factory gate, fell 3.3% on the year in May, added the NBS.

China's annual export growth slowed to 4.8% in May, down from 8.1% in April, while the nation's imports decreased by 3.3% on the year in May, reported the Customs Administration.

On the other regional exchanges, the S. Korean KOSPI rose 1.6%; the Taiwan TWSE rose 0.6%; the Singapore Straits Times Index advanced 0.1%, and the Thai Set declined 0.1%. In late trading in Mumbai, the Sensex was up 0.3%.

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