Asian Stocks Are Mixed as Investors Watch Takeaways From Trump-Xi Summit
Investors watched for trade progress as Wall Street’s Nasdaq rose 1.2% and oil prices stayed elevated amid the Iran war.
- On Thursday, President Donald Trump met Chinese President Xi Jinping in Beijing, telling him, "We're going to have a fantastic future together" at the Great Hall of the People.
- Asian markets were mixed Thursday as investors weighed the summit against persistent inflation concerns, tempering optimism fueled by record highs on Wall Street's tech-led rally overnight.
- Trump arrived with a delegation including Tesla CEO Elon Musk, Apple CEO Tim Cook, and Nvidia CEO Jensen Huang, signaling focus on trade and advanced technology cooperation.
- Geopolitical tensions underscore the meeting, as the Iran war has effectively closed the Strait of Hormuz, sending global energy prices soaring and depleting oil inventories at record pace.
- The U.S. Senate confirmed Kevin Warsh as Federal Reserve chair on Wednesday, while wholesale prices rose six percent for the 12 months ending in April, intensifying inflation pressures.
31 Articles
31 Articles
European stocks rose on Thursday (May 14), Asian stocks were mixed, U.S. stock index futures surged, and oil prices, which had been highly volatile, remained stable. Meanwhile, President Donald Trump met with Chinese leader Xi Jinping in Beijing.
Asian tech rally drives mild gains as U.S.-China summit pressures Beij
Asian equities traded mixed on Thursday aided by some strength in chipmaking and technology stocks, also markets remain sensitive to developments in US economic data, Federal Reserve interest rate expectations, and any updates on US-China diplomatic
Channel News Asia
Asia markets mixed as Trump-Xi summit, AI trade dominate
HONG KONG: Asian markets were mixed Thursday (May 14) as investors weighed a high-stakes US-China summit and persistent inflation concerns, which tempered optimism fuelled by record highs on Wall Street.The cautious mood came after another tech-led rally on Wall Street, where the Nasdaq and S&P 500 hit fr
US stocks mostly traded with a positive bias amid tech strength and despite early headwinds from hot PPI data, while focus turns to the Trump-Xi summit - Newsquawk Daily Asia-Pac Market Open
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
European stock exchanges operated on the rise, while Asia closed fire. Investors followed closely the US-China meeting, the Middle East conflict and the new technological rally on Wall Street. Read more
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