Asian markets are trading in a narrow range this morning as investors await tangible results from US-China talks in Beijing, although an AI stock boom boosted Seoul to a new record. Trump said in a Fox New interview that China 'agreed they want to buy oil' and more soybeans from Washington. China also agreed to order 200 Boeing jets, he said, its first purchase of US-made commercial jets in nearly a decade. That was far short of the roughly 500 markets had expected, and Boeing shares fell more than 4 per cent after the comments. The first day ... unfolded as a carefully choreographed state banquet, served on fine porcelain, while traders quietly inspected the cracks beneath the table. The optics were unquestionably constructive," said Stephen Innes at SPI Asset Management. "Still, markets understand the difference between stabilisation and resolution. This summit feels less like a peace treaty and more like engineers reinforcing a suspension bridge during a storm," Innes said.
Markets wait on Trump-Xi summitAsian markets are trading in a narrow range this morning as investors await tangible results from US-China talks in Beijing, although an AI stock boom boosted Seoul to a new record.
Trump said in a Fox New interview that China 'agreed they want to buy oil' and more soybeans from Washington. China also agreed to order 200 Boeing jets, he said, its first purchase of US-made commercial jets in nearly a decade. That was far short of the roughly 500 markets had expected, and Boeing shares fell more than 4 per cent after the comments.
The first day ... unfolded as a carefully choreographed state banquet, served on fine porcelain, while traders quietly inspected the cracks beneath the table. The optics were unquestionably constructive," said Stephen Innes at SPI Asset Management.
"Still, markets understand the difference between stabilisation and resolution. This summit feels less like a peace treaty and more like engineers reinforcing a suspension bridge during a storm," Innes said
US-China Talks Trump-Xi Summit Asian Markets AI Stock Boom Boeing Shares China-US Relations State Banquet Suspension Bridge Peace Treaty
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