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markets2 hours ago

Chips Rally Fades as Asia Markets Slip Ahead of Trump-Xi Talks

Asian stock markets dipped as a rally in chipmakers cooled amid doubts over U.S. sales to China, with attention on more Trump-Xi talks in Beijing. China steadied near multi-year highs while South Korea’s KOSPI surged lower led by chipmakers, Japan’s Nikkei and Hong Kong’s Hang Seng fell, and Australia was flat as India rose modestly; traders await further details from the summit and potential chip-export-control developments.