ASX 200 Hits 2-Month High Amid Optimism Over U.S China Trade Talks.

Mon 12 May 25, 05:52 AM |

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Highlights

Australian shares advanced on Monday, with the S&P/ASX 200 index (.AXJO) climbing 0.5% to 8,269.60 by 0030 GMT, marking its highest level in over two months. The rally follows positive sentiment from the latest round of U.S.-China trade discussions held in Geneva, where both parties signaled progress and plans for future economic dialogues.

Investors reacted to U.S. officials describing a deal aimed at reducing the trade deficit, while Chinese representatives confirmed a key consensus was achieved. Australia, being heavily reliant on China for exports, saw its market respond positively, particularly after a period of rising bilateral tensions and sharp increases in reciprocal tariffs.

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