ASX 200 rises on Tuesday after US President Donald Trump praises 'good' tariff discussion between United States, China

Sky News AU

2 days ago

The ASX 200 has jumped on Tuesday after leading United States officials lauded tariff discussions with China and boosted hopes of a soft trade war.
The index is up almost 0.4 per cent in the first 20 minutes of trading with Boss Energy surging 5.7 per cent, Bellevue Gold rising 2.7 per cent and insurance broker AUB Group jumping 2.1 per cent.
It continues to sit just in striking distance of setting a new record high as stocks recover from the post-Liberation Day wipeout.
Further hopes of the trade war simmering arose on Monday when US President Donald Trump praised trade discussions with China but conceded there were some difficulties in the negotiations.
'We are doing well with China. China's not easy,' Trump told reporters at the White House.
'I'm only getting good reports.'
US Treasury Secretary Scott Bessent told reporters the delegation had a 'good meeting' while Commerce Secretary Howard Lutnick said the discussions were 'fruitful'.
On Wall Street, the Dow Jones finished flat on Monday, the S&P 500 added 0.1 per cent and the Nasdaq grew 0.3 per cent.
Tesla shares rose 4.6 per cent after Trump signalled he wanted to end his public spat with Elon Musk where disagreement over a spending bill escalated to the point the tech billionaire claimed the US President's name was in the Epstein Files.
"We had a good relationship, and I just wish him well," Trump said.
London's FTSE 250 rose 0.6 per cent, Germany's DAX fell 0.5 per cent and the STOXX Europe 600 Index sank 0.1 per cent on Monday.
New Zealand's NZX 50 Index is up 0.5 per cent on Tuesday while Japan's Nikkei 225 has added 0.6 per cent.