$BTC Negotiations were held between U.S. officials—Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer—and the Chinese delegation led by Vice Premier He Lifeng. The talks focused on extending the 90-day tariff truce and addressing restrictions on mineral and advanced technology exports.
Market Response:
Asian markets opened on a positive note, with the Hang Seng gaining 1.4% and the Nikkei rising 0.9%, buoyed by hopes of progress in the talks. The U.S. dollar weakened amid this optimism. However, by Sunday, U.S. futures showed signs of caution as investors awaited further developments.