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Bitcoin Stalls as Trade Optimism Lifts Asian Markets
Cryptocurrencies remained largely flat on Monday, even as renewed hope over U.S.–China negotiations in London gave a lift to equity markets across Asia—especially Hong Kong’s Hang Seng index .
Bitcoin hovered around $105,000, showing minimal movement. The formation of a doji candle on Sunday’s chart—a signal of market indecision—confirms the muted trading range .
Other major altcoins like XRP and Dogecoin also struggled to break higher amid the cautious environment .
The crypto market’s lack of momentum reflects broader risk-off sentiment, with traders hesitant to make large directional bets ahead of key macro developments.
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Hang Seng Surpasses 24,000 on Trade Optimism
Asian equities surged on Monday, driven by optimism surrounding high-level trade dialogues:
Hang Seng climbed above 24,000 for the first time since late March, gaining roughly 1.3–1.4% on the day .
Japan’s Nikkei rose ~0.9%, South Korea’s Kospi gained ~1.6%, and the Shanghai Composite edged higher despite persistent deflation concerns .
Analysts highlight that this is the strongest rally linked to trade talk sentiment since the Trump–Xi agreement in Geneva . HSBC-listed tech stocks like Baidu and Alibaba led gains, riding the risk-on sentiment .
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London Trade Talks: Rare-Earths, Tech Curbs & Tariffs
Officials from both nations convened in London on June 9, 2025, marking the first substantive negotiations since the Geneva truce:
The U.S. team, including Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, emphasized the urgency of resolving rare-earth mineral export restrictions and curbing technology transfer limitations .
China’s delegation, led by Vice Premier He Lifeng, seeks better access to U.S. advanced technologies and looser student visa policies .
While trade data—like China's exports to the U.S. falling nearly 10% in May—shows tension, markets are hopeful that the London talks could build on the Geneva groundwork .
