Asian stocks trade unevenly as Xi arrives for Trump summit

  • Xi Jinping arrived in the United States before his summit with President Trump.
  • Nasdaq Composite closed at a record 27,244.28 after rising 0.45%.
  • Brent settled at $99.25 a barrel after its fifth straight daily decline.

Asian equities traded unevenly as Chinese leader Xi Jinping arrived in the United States ahead of a summit with President Trump scheduled for the following day. The meeting comes as markets have turned calmer, with oil prices falling sharply, government bond yields stabilizing and technology shares reaching new highs. U.S. equity futures indicated a mixed opening after the Nasdaq Composite closed at a record. South Korea's KOSPI rose 0.2%, supported by a nearly 2% gain in Samsung Electronics, while the Shanghai Composite fell 0.4%, the CSI 300 lost 0.5% and Hong Kong's Hang Seng declined 0.9%. Brent settled at $99.25 a barrel and West Texas Intermediate at $94.59 after a fifth consecutive decline, as U.S.-Iran contacts raised hopes for lower regional tensions and less disruption to Strait of Hormuz shipping. Xi's visit is expected to include discussions on trade, artificial intelligence, supply chains, rare earth minerals and geopolitical issues.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.