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Asia-Pacific stocks trade mixed as Trump lands in Beijing for high-stakes Xi meeting
Trump arrived with Tesla and Nvidia chiefs as talks with Xi are expected to focus on tariffs, technology and regional security.
- On Wednesday, President Donald Trump arrived in Beijing accompanied by American CEOs including Tesla CEO Elon Musk and Nvidia CEO Jensen Huang, setting the stage for high-stakes talks with Chinese President Xi Jinping.
- President Trump intends to end the "trade truce" initiated last year, with negotiations focusing on AI chips, rare earths, tariffs, and potential large Chinese orders for American planes and soybeans.
- Goldman Sachs analysts wrote Wednesday that the meeting could act as a "tactical catalyst" for Chinese equities, as Asia-Pacific markets watch for breakthroughs on trade, technology, and regional security.
- Beyond trade, Trump and Xi are expected to discuss geopolitical tensions including Taiwan and the Iran war, while U.S. wholesale inflation data surged 6% year-over-year in April, complicating the economic backdrop.
- Analysts warn that new trade and investment boards could lead to drawn-out negotiations, risking market disappointment if discussions fail to produce a substantive deal between the two nations.
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12 Articles
12 Articles
The presidents discussed trade and energy, but few concrete agreements were presented after the meeting in Beijing.
·Oslo, Norway
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The picture is quite gloomy due to the prolonged closure of the Strait of Hormuz. Global oil supplies are decreasing, shortages are occurring, and in Europe, for example, the kerosene situation is the most critical.
Mixed signs in Asian indices, Brent above $106 - Goldman Sachs: Trump – Xi will focus mainly on trade and export controls, including tariffs, restrictions on rare earths and semiconductors
Coverage Details
Total News Sources12
Leaning Left3Leaning Right3Center1Last UpdatedBias Distribution43% Left, 43% Right
Bias Distribution
- 43% of the sources lean Left, 43% of the sources lean Right
43% Right
L 43%
14%
R 43%
Factuality
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