From Nasdaq: 2025-05-07 04:38:00

Asian stocks rose as trade talks between the U.S. and China were confirmed in Switzerland. AMD reported strong results for Q1 2025. China cut key interest rates to support the economy. Treasuries fell and the dollar rebounded ahead of the Federal Reserve meeting. Oil prices continued to climb. Japanese markets ended slightly lower.

In China, the Shanghai Composite and Hang Seng indexes saw gains. Automakers and pharma stocks suffered losses. Seoul stocks rose for a second day. Australian markets saw modest gains, with energy and mining stocks leading the way.

New Zealand’s benchmark index climbed. U.S. stocks fell for a second day due to uncertainty over trade agreements. Trump expressed frustration with questions about new trade deals and data showed a record high trade deficit in March.

Read more at Nasdaq: Asian Shares Advance On US-China Trade Talk Hopes