{"id":46841,"date":"2025-07-30T06:01:07","date_gmt":"2025-07-30T06:01:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/46841\/"},"modified":"2025-07-30T06:01:07","modified_gmt":"2025-07-30T06:01:07","slug":"asian-shares-are-mostly-higher-after-china-us-talks-end-without-a-trade-deal-stock-market","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/46841\/","title":{"rendered":"Asian shares are mostly higher after China-US talks end without a trade deal | Stock Market"},"content":{"rendered":"

BANGKOK (AP) \u2014 Shares in Asia were mostly higher on Wednesday after the U.S. and China ended their latest round of trade talks<\/a> without a deal. U.S, futures edged higher while oil prices slipped.<\/p>\n

Beijing\u2019s top trade official said China and the United States agreed during two days of talks in Stockholm, Sweden, to work on extending an Aug. 12 deadline for imposing higher tariffs on each other. The U.S. side said an extension was discussed, but not decided on.<\/p>\n

U.S. Trade Representative Jamieson Greer says the American team would head back to Washington and \u201ctalk to the president about whether that\u2019s something that he wants to do.\u201d<\/p>\n

A Friday deadline is looming for many of Trump\u2019s proposed tariffs on other countries. Several highly anticipated economic reports are also on the way, including the latest monthly update on the job market.<\/p>\n

\u201cMarkets had been floating on a cloud of trade optimism \u2014 first Japan, then the EU \u2014 but the sugar high is wearing off. Now, with U.S.-China talks dragging on in Stockholm, there\u2019s a growing sense that the momentum is stalling,\u201d Stephen Innes of SPI Asset Management said in a commentary.<\/p>\n

Hong Kong’s Hang Seng index shed 0.3% to 25,441.64 while the Shanghai Composite index gained 0.5% to 3,628.53.<\/p>\n

Tokyo’s Nikkei 225 index edged less than 0.1% higher to 40,687.17. Gains for electronics companies were offset by losses for major exporters like Toyota Motor Corp. and Honda Motor Co.<\/p>\n

Australia’s S&P\/ASX 200 climbed 0.6% to 8,759.20 and in South Korea, the Kospi gained 0.9% to 3,259.00.<\/p>\n

Taiwan’s Taiex rose 0.9% while the Sensex in India edged 0.1% higher.<\/p>\n

On Tuesday, U.S. stock indexes edged back from their record levels as a busy week for Wall Street picked up momentum. The S&P 500 fell 0.3% to 6,370.86, while the Dow Jones Industrial Average lost 0.5% to 44,632.99.<\/p>\n

The Nasdaq composite was down 0.4% at 21,098.29.<\/p>\n

SoFi Technologies jumped 7.4%, but Merck dropped 2.2% and UPS sank 9.2% following a torrent of profit reports from big U.S. companies. They\u2019re among the hundreds of companies telling investors this week how much they made during the spring, including nearly a third of the stocks in the S&P 500 index.<\/p>\n

UnitedHealth Group<\/a> dropped 5.8% after reporting a profit for the spring that fell short of analysts\u2019 expectations. It also gave a forecast for profit over all of 2025 that investors found disappointing. The health care giant said it expected to earn at least $16 per share, when analysts were looking for something close to $20, according to FactSet.<\/p>\n

Shares of Novo Nordisk that trade in the United States tumbled 21.3% after the Danish company cut its forecast for sales growth this year, in part because of lower expectations for its Wegovy weight-loss drug amid high competition.<\/p>\n

Treasury yields sank as the Federal Reserve<\/a> began a two-day meeting on interest rates.<\/p>\n

Despite pressure from President Donald Trump for lower rates, which would give the economy a boost, the widespread expectation is that the Fed will wait for more data about how Trump\u2019s tariffs are affecting inflation and the economy before making its next move.<\/p>\n

The U.S. economy appears to be slowing.<\/p>\n

One report on Tuesday said that U.S. employers were advertising fewer job openings<\/a> at the end of June than a month before, though still more than economists expected. A separate report said confidence rose among U.S. consumers<\/a>, but a measure of their expectations about the near term remains below the level that typically signals a recession ahead.<\/p>\n

In other dealings early Wednesday, U.S. benchmark crude oil picked up 7 cents to $69.28 per barrel, while Brent crude, the international standard, was up 13 cents at $71.82 per barrel.<\/p>\n

The dollar fell to 148.13 Japanese yen from 148.48 yen. The euro rose to $1.1554 from $1.1546.<\/p>\n

___<\/p>\n

AP Business Writers Matt Ott and Stan Choe contributed.<\/p>\n

\n Success! An email has been sent to with a link to confirm list signup.\n <\/p>\n

\n Error! There was an error processing your request.\n <\/p>\n

Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.<\/p>\n","protected":false},"excerpt":{"rendered":"BANGKOK (AP) \u2014 Shares in Asia were mostly higher on Wednesday after the U.S. and China ended their…\n","protected":false},"author":2,"featured_media":46842,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[28,109,101,7905,793,112,11158,36825,965],"class_list":["post-46841","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-business","tag-economic-policy","tag-economy","tag-financial-markets","tag-general-news","tag-markets","tag-stocks-and-bonds","tag-stocks-markets-rates-earnings-china-trump","tag-world-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/46841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=46841"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/46841\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/46842"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=46841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=46841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=46841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}