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Showing posts with the label US-China trade deal

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Market Daily Report: Bursa Malaysia Ends Marginally Lower Amid Lack Of Fresh Catalysts

KUALA LUMPUR, Sept 28 (Bernama) -- Bursa Malaysia ended marginally lower on Monday amid selling activity as the market lacked fresh catalysts to spur investors’ buying interest, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.60 points, or 0.09 per cent, to 1,670.02, from Friday’s close of 1,671.62. The benchmark index, which opened 0.93 of-a-point higher at 1,672.55, moved between 1,668.61 and 1,674.11 throughout the trading session. Market breadth was negative as losers surpassed gainers 748 to 388, while 517 counters were unchanged, 1,271 untraded and 91 suspended. Turnover slipped to 3.11 billion units worth RM2.40 billion from 4.07 billion units valued at RM2.69 billion on Friday.

Trump-Xi Meeting Looms as US-China Marathon Trade Talks Stretch 5 Hours in Stockholm

Top U.S. and Chinese economic officials met in Stockholm on Monday for a crucial round of trade negotiations aimed at extending the tariff truce between the two nations. The meeting, lasting over five hours, signals both sides are racing to strike a deal before the  August 12 deadline . What Happened: Key attendees:  U.S. Treasury Chief Scott Bessent and Chinese Vice Premier He Lifeng. Venue: Rosenbad, the Swedish prime minister’s office. Negotiators left without comment; talks will resume Tuesday. The aim: Extend the truce by another  three months  to avoid U.S. tariffs snapping back to higher levels. President Donald Trump, speaking separately, urged China to further open its economy. Without an agreement, analysts warn of major disruptions to global supply chains. Why It Matters: The U.S. temporarily paused tech export restrictions to China to keep talks alive and pave the way for a potential  Trump-Xi meeting later this year . Semiconductor giants like ...