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Asia-Pacific Markets Rise on Trump-Xi Summit Hopes

Asian equity futures climbed Thursday as investors awaited a high-stakes meeting between U.S. President Donald Trump and Chinese leader Xi Jinping in Beijing. Trump arrived Wednesday accompanied by technology executives including Tesla CEO Elon Musk and Nvidia chief Jensen Huang. Japan's Nikkei 225 futures pointed to gains at 63,590, while Hong Kong's Hang Seng index futures traded at 26,799 and Australia's ASX 200 futures at 8,636. Goldman Sachs expects the summit to focus on trade matters including tariffs, rare earths restrictions and semiconductor controls. The bank suggested China may increase purchases of U.S. farm goods, energy and aircraft to avoid additional tariff escalation. Goldman maintained a positive outlook on Chinese assets, expecting the meeting could strengthen the yuan and Chinese equities. However, analysts noted the summit is unlikely to produce broader bilateral shifts.