In the previous trading session, Sensex jumped 2,975.43 points, or 3.7 per cent, to close at 82,429.90 levels. The Nifty50 closed at 24,924.7, up by 916.7 points, or 3.8 per cent.
During this 90-day window, the US will lower its tariffs on Chinese goods from 145 per cent to 30 per cent. In a similar move, China will bring down tariffs on American imports from 125% to 10%
India today reopened 32 airports across the northern and western parts of the country after both India and Pakistan reached a ceasefire understanding over the weekend to halt military action.
Earlier on Sunday, the US announced a trade deal with China in Geneva. US Secretary of the Treasury Scott Bessent said there has been substantial progress between the nations
Asian shares advanced Monday after two days of trade talks between China and the US made what the US side said was substantial progress. US futures and oil prices advanced. Officials said a joint statement would be issued later Monday following the trade talks in Geneva over the weekend. Investors are also watching for developments in other flashpoints including clashes between India and Pakistan, the war in Ukraine and conflict in the Middle East. India's Sensex jumped about 2.5% after it and Pakistan agreed to a truce after talks to defuse their most serious military confrontation in decades. The two armies have exchanged gunfire, artillery strikes, missiles and drones that killed dozens of people. In Hong Kong, the Hang Seng gave up early gains to trade up 0.6% at 23,009.64, while the Shanghai Composite Index picked up 0.4% to 3,355.54. Chinese EV battery maker CATL, or Contemporary Amperex Technology Co, Ltd., said in a prospectus filed with the Hong Kong Stock Exchange that i
Early indicative prices in foreign exchange markets in Australia and Asia, showed both euro and yen edging lower against the US dollar
Chinese Vice Premier He Lifeng said the world's two biggest economies agreed to create a mechanism for further discussions
The highly anticipated meeting in Switzerland could mark one of the biggest developments since US President Donald Trump launched sweeping tariffs on April 2
The US treasury secretary and America's top trade negotiator will meet with high-ranking Chinese officials in Switzerland this weekend to de-escalate a dispute that threatens to cut off trade between the world's two biggest economies and to damage global commerce. Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer will meet in Geneva with a Chinese delegation led by Vice Premier He Lifeng. Prospects for a major breakthrough appear dim. But there is hope that the two countries will scale back the massive taxes tariffs they've slapped on each other's goods, a move that would relieve world financial markets and companies on both sides of the Pacific Ocean that depend on US-China trade. US President Donald Trump last month raised U.S. tariffs on China to a combined 145%, and China retaliated by hitting American imports with a 125% levy. Tariffs that high essentially amount to the countries' boycotting each other's products, disrupting trade that last year topp
The talks are expected to be exploratory, focusing on airing grievances rather than resolving the many issues between the US and China, according to people familiar with the matter
The weekend talks involving top US and Chinese economic and trade officials are widely seen as a first step towards resolving a trade war
Among US companies that have disclosed financial projections so far, GM sees a $5 billion hit this year, while Apple expects $900 million in higher costs in the current quarter
He Lifeng, China's Vice Premier and close ally of Xi Jinping, is set to lead crucial trade talks with the US in Switzerland amid rising tensions, as both sides face escalating tariffs
US-China trade war: Beijing urges respectful dialogue ahead of high-level trade talks with Washington in Switzerland
Foreign Ministry spokesperson Lin Jian, speaking at a briefing on Tuesday, called the CIA's campaign "a serious infringement on China's national interest and pure political provocation"
Both President Donald Trump and his predecessor, Joe Biden, have implemented progressively tighter export controls of Nvidia's chips to China
Chinese exporters are using repackaging, mislabeling, and rerouting tactics to avoid steep Trump-era tariffs, raising alarm across Asian trade hubs and customs agencies
While Trump did not name countries, he suggested trade deals may be finalised within weeks as talks progress with several nations including India amid tariff tensions and slowdown fears
In 2024, the United States imported $79.3 billion worth of apparel, with 21 per cent of that coming from China
The CIA has a message for Chinese government officials worried about their place in President Xi Jinping's government: Come work with us. America's premier spy agency released two Mandarin-language videos on social media Thursday inviting disgruntled officials to contact the CIA. The recruitment videos posted to YouTube and X racked up more than 5 million views combined in their first day. The outreach comes as CIA Director John Ratcliffe has vowed to boost both the agency's use of intelligence from human sources and its focus on China, which has recently targeted US officials with its own espionage operations. The videos are aimed at recruiting Chinese officials to steal secrets, Ratcliffe said in a statement to The Associated Press. He said China is intent on dominating the world economically, militarily, and technologically. Our agency must continue responding to this threat with urgency, creativity, and grit, and these videos are just one of the ways we are doing this, Ratcliff