US EditionAsian shares rise after White House confirms plans for Trump to meet with Chinese leader Xi
Asian shares rose on White House confirmation of Trump-Xi meeting, easing trade tensions; oil prices jumped 5.5% after sanctions on Russian oil firms, boosting market sentiment.
- On Friday, Asian shares rose after the White House confirmed planned talks between President Donald Trump and Chinese leader Xi Jinping next week, easing trade uncertainty.
- Roughly 5.5% crude gains after President Donald Trump announced sanctions on Rosneft and Lukoil, while strong earnings from U.S. companies including Dow and Las Vegas Sands boosted benchmarks.
- In Seoul, the Kospi surged 2.3% to 3,935.75, a fresh record, while Japan's Nikkei 225 rebounded nearly 1.5% to 49,380.25 as Hong Kong's Hang Seng index rose 0.6% and the Shanghai Composite index added 0.4%.
- Data released Friday showed Japan's core inflation rose to 2.9% from 2.7%, but the Bank of Japan is widely expected to keep rates unchanged at a meeting next week, with Sanae Takaichi preferring low rates.
- Sanctions aim to convince Russian president Vladimir Putin to end the war and could constrict the global oil flow, while oil remains down more than 10% for the year and U.S. benchmark crude trades at $61.57 per barrel.
29 Articles
29 Articles
The White House delivered on Thursday details on Donald Trump's program, confirming in particular a meeting with his Chinese counterpart Donald Trump begins at the end of the week an important
Xi and Trump Dig In on Key Issues, Pushing Decoupling Further
Hi, this is Philip Glamann in Beijing, where the questions on everyone’s minds are whether Chinese leader Xi Jinping and President Donald Trump will actually meet next week and if they do, what will come of their talks.
Associated Press News
Asian shares rise after White House confirms plans for Trump to meet with Chinese leader Xi
Asian shares are mostly higher after the White House confirmed plans for President Donald Trump to meet with Chinese leader Xi Jinping next week.
The White House has announced a meeting between US President Trump and China's President Xi Jinping. Trump expects a trade deal - if it is not achieved, it could have serious economic consequences.
The president is embarking on a nearly week-long, three-country official visit to Asia.
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