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Trade Talk Optimism Caps APAC Trading Week | Bloomberg Daybreak: Asia Edition
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May 9, 2025
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20:25Now PlayingAsian stocks inched higher at the Friday open after US President Donald Trump announced a trade framework with the United Kingdom and signaled tariffs on Chinese goods may fall if upcoming talks go well. Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer are set to meet with Chinese Vice Premier He Lifeng in Switzerland on Saturday. For some analysis, we hear from Claire Reade, Senior Counsel at Arnold & Porter and former Assistant US Trade Representative for China Affairs. She speaks with Bloomberg's Shery Ahn and Haidi Stroud-Watts.
Stateside - markets rose Thursday on optimism about the China talks, as well as Trump's UK announcement. The S&P 500 extended gains to session highs, climbing about 1.5%, as Treasuries, gold and haven currencies lost steam. We get reaction from Eli Lee, Chief Investment Strategist at Bank of Singapore, and Derek Wallbank, Bloomberg News Senior Editor in Singapore.
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