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Trump-Xi Summit Draws Tech Leaders; Markets Mixed on Trade Outlook

Asia-Pacific markets traded mixed Thursday as investors awaited outcomes from a high-stakes summit between U.S. President Donald Trump and Chinese leader Xi Jinping in Beijing. Trump arrived Wednesday accompanied by major technology executives including Tesla's Elon Musk and Nvidia's Jensen Huang. Goldman Sachs analysts expect discussions to center on tariffs, rare earth restrictions and semiconductor export controls rather than a comprehensive diplomatic reset. The investment bank suggested China may increase purchases of U.S. agricultural goods, energy and aircraft to avoid additional tariff increases. Meanwhile, Samsung shares climbed 5% to record highs after recovering from a $66 billion market value loss tied to labor disputes. South Korea's finance minister cautioned that a threatened 18-day strike involving over 41,000 Samsung workers could threaten the nation's economic growth and exports.