Asian markets waver as Xi arrives in U.S. for high-stakes trade and AI talks
Asian stock markets traded unevenly on Wednesday as investors awaited the arrival of Chinese President Xi Jinping in the United States. Chinese and Hong Kong shares declined, with the Shanghai Composite down 0.4% and the Hang Seng Index falling 1%, while South Korea’s KOSPI rose 0.5% on strength in Samsung Electronics. U.S. index futures remained largely flat. The upcoming summit, scheduled for Thursday, focuses on trade, artificial intelligence, and supply chains. Although officials described preparatory talks as productive, investors remain cautious due to unresolved geopolitical tensions, particularly regarding Taiwan and human rights. Oil prices eased slightly, with Brent crude hovering near $99 per barrel, as hopes for U.S.-Iran negotiations reduced geopolitical risk premiums.




