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Global Market Update, Dow Jones, Nikkei 225: Asian equities made a largely positive start to Tuesday's session, following a flat-to-cautiously-positive handover from Wall Street, as investors globally awaited the outcome of US-China trade negotiations in London in the hope that both sides would mend a dispute that has kept markets on their toes for the past few weeks. Representatives from both countries kicked off talks, following up on a preliminary trade pact struck in May that briefly cooled tensions between the world's largest economies. MSCI's broadest index of Asia Pacific shares outside Japan was last seen trading 0.7 per cent higher, while the Japanese benchmark, the Nikkei 225, was up 1.0 per cent.
MSCI Asia Pacific Ex-Japan, Nikkei 225, Hang Seng, Dow, S&P 500
Here's a summary of how key markets across Asia and the US fared in their latest sessions:
- China's Shanghai Composite: up 0.2 per cent
- Singapore's Straits Times: flat
- Hong Kong's Hang Seng: up 0.4 per cent
- South Korea's KOSPI: up 1.0 per cent
Wall Street on June 9
Investors struck a cautious mood in the US share market on Monday, with blue-chip gauges Dow Jones Industrial Average and S&P 500 closing largely flat though the technology stocks-heavy Nasdaq Composite managed a 0.3 per cent gain even as heavyweight Apply shares slumped 1.2 per cent as the iPhone maker kicked off its annual WWDC software developer conference.
As many as six fell out of the 11 S&P 500 sectoral gauges, with financial and utility stocks being at the forefront of the sell-off—declining 0.6 per cent and 0.7 per cent respectively.
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