The stock exchange day Tuesday, June 6, 2023

Recent bilateral talks between China and the US are giving markets in Asia a tailwind. Against the background of heightened tensions, both sides described the talks as constructive and agreed to keep the lines of communication open.

The Nikkei index, which comprises 225 values, is 0.4 percent higher at 32,351 points. With an increase of eleven percent, Panasonic was one of the winners in the index. The broader Topix index rose 0.2 percent to 2,224 points.

The Shanghai stock exchange is up 0.1 percent. The index of major companies in Shanghai and Shenzhen gained 0.2 percent. “The tactical risk for equity investors going forward is that the (US Federal Reserve) Fed will actually miss a meeting and hike rates in July, not June,” said Dalma Capital’s Gary Dugan. “Growth momentum, the debt ceiling issue now out of the way and a slow-moving Fed could spark another stock rally.”

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