HONG KONG (AP) — Asian shares were mixed Monday after gains in technology stocks snapped Wall Street’s four-week losing streak. U.S. stock futures advanced as…
Asian shares were mixed Monday after gains in technology stocks snapped Wall Street’s four-week losing streak.
U.S. stock futures advanced as investors awaited developments on U.S. President Donald Trump’s tariffs, as reports suggested he may narrow his broad approach to focus on countries that run significant trade surpluses with the U.S. That includes many countries in Asia.
President Donald Trump has set an April 2 deadline to impose more tariffs on trading partners. It follows a series of other deadlines that have been set for tariffs only to be postponed, sometimes at the last minute.
Chinese Premier Li Qiang struck a conciliatory tone during a meeting with business leaders and U.S. Senator Steve Daines, a strong supporter of President Donald Trump, who is the first member of Congress to visit Beijing since Trump took office in January.
Relations between the countries “have come to an important juncture,” Li said. “Our two sides need to choose dialogue over confrontation, win-win cooperation over zero-sum competition,” he said, adding that China hoped that the U.S. would work together to promote the steady and sustainable development of the China-U.S. relations.
The meeting also involved the leaders of several American businesses, including FedEx Corp. CEO Raj Subramaniam, Boeing Co.’s senior vice president Brendan Nelson, Qualcomm’s CEO Cristiano Amon and Pfizer’s CEO Albert Bourla.
