May 12th, with the progress of the Sino-US economic and trade talks, the global stock markets generally rose.
After the joint statement of the Sino-US Geneva economic and trade talks was released, the Hong Kong stocks soared straight, and both the Hang Seng Index and the Hang Seng Tech Index surged, with the Hang Seng Tech Index once rising more than 6%. By the close, the Hang Seng Index rose by 2.98%, closing at 23549.46 points; the technology index rose by 5.16%, closing at 5447.35 points; the state-owned enterprise index rose by 3.01%, closing at 8559.23 points.
In terms of European stocks, Germany's DAX index and France's CAC index increased by 1.2% and 1% respectively in the early trading session. The UK FTSE index rose by 0.3%.
Futures for US stock indexes also rose. Futures for the Dow Jones Industrial Average were expected to open with an increase of over 2.1%; futures for the S&P 500 Index and Nasdaq Index futures, which are mainly composed of technology stocks, rose by 2.7% and 3.6%, respectively.
In the morning session on May 12th, the dollar exchange rate rose. The Intercontinental Exchange Dollar Index measuring the strength of the dollar against a basket of major currencies rose by 1.3% to 102 dollars.
Brent crude oil prices rose by 2.8%. Gold prices fell by 3% to $3224.34 per ounce.
The Tokyo Stock Market in Japan closed at 37644.26 points on the 12th, up 140.93 points from last Friday, an increase of 0.38%. According to reports by Kyodo News, market expectations for easing tensions caused by tariff confrontations have risen, with bulls prevailing.
The South Korean KOSPI closed at 2607.33 points, up 30.06 points from the previous trading day.
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