On Friday morning (6 June, 9:08 AM, GMT+7, Bangkok time), most indices in Asia Pacific exhibited an upward trend on news that U.S. President Donald Trump and Chinese President Xi Jinping held a constructive phone call focused on trade relations.
The 90-minute conversation led to an agreement for officials from both sides to resume negotiations soon, easing investor concerns over the ongoing trade war. Trump described the call as “very good,” fueling optimism for progress in the stalled talks and lifting regional stocks.
Japan’s NIKKEI rose by 0.45% to 37,722.62. South Korea’s KOSPI soared by 1.49% to 2,812.05, and Australia’s ASX 200 grew by 0.13% to 8,550.4.
As for stocks in China, Shenzhen’s SZI slid by 0.05% to 10,198.85. Hong Kong’s HSI dipped by 0.17% to 23,865.2, while Shanghai’s SSEC climbed by 0.03% to 3,385.18.
Meanwhile, the US stock markets edged down on Thursday as the Dow Jones Industrial Average (DJIA) declined by 0.25% to 42,319.74. NASDAQ lost 0.83% to 19,298.45, and S&P 500 dropped by 0.53% to 5,939.3. VIX surged by 4.94% to 18.48.
As for commodities, oil prices settled higher on Thursday, reversing the prior session’s losses, following the prospects of the U.S. and China resuming trade negotiations after a phone conversation between President Donald Trump and Chinese President Xi Jinping. Brent futures increased 48 cents or 0.7% to $65.34 a barrel, and the West Texas Intermediate (WTI) added 52 cents or 0.8% to $63.37 per barrel.
This morning, Brent futures edged down 14 cents or 0.21% to $65.2 a barrel, and the WTI futures contracted 17 cents or 0.27% to $63.2 per barrel.
Meanwhile, gold futures increased by 0.35% to $3,386.8 per Troy ounce.
