China and the United States have launched trade negotiations, driving emerging market stock markets to climb to their highest since 2022.
MSCI Emerging Markets Index rose 0.9% on Monday, closing at its highest since early 2022.
As of around 10:10 a.m. on Tuesday, Japan's Nikkei Index and South Korea's KOSPI Index rose about 1%, Hong Kong's Hang Seng Index rose slightly by about 0.2%, and Singapore's Straits Times Index remained unchanged.
Richard Saperstein, chief investment officer at Treasury Partners, said: "The market is higher due to the delay in tariffs and the expected tariffs to be more moderate than originally announced. We expect the market to remain volatile on various news as negotiations take time and disturbing tariff news can cause significant volatility."
Officials from China and the United States started trade negotiations in London on Monday (June 9). While investors were waiting for more details to negotiate, Asian stock markets generally maintained a rise on Tuesday (10th).