Global Shares Mostly Higher As Markets Monitor Trump-Xi Summit
World shares rise as investors monitor Trump-Xi summit developments.
Global equity markets traded mostly higher on Thursday as investors tracked developments from the high-level summit between US President Donald Trump and Chinese President Xi Jinping in Beijing, while also reacting to mixed regional economic signals and corporate earnings momentum.
Asian markets showed a mixed performance during trading. Japan’s Nikkei 225 index slipped 1% to 62,654.05 after briefly touching a fresh intraday record above 63,700, supported earlier by strong corporate earnings. South Korea’s Kospi, however, closed 1.8% higher at 7,981.41, hitting a new record driven by gains in technology stocks amid continued enthusiasm around artificial intelligence.
In China, the Shanghai Composite Index fell 1.5% to 4,177.92, while Hong Kong’s Hang Seng index remained largely unchanged at 26,389.04. Taiwan’s Taiex gained 0.9%, reflecting broader strength in technology-heavy markets across parts of Asia. Australia’s S&P/ASX 200 edged up 0.1% to 8,640.70, while India’s Sensex rose 1.1%, supported by positive investor sentiment.
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European markets opened in positive territory. The UK’s FTSE 100 climbed 0.3% to 10,351.36 after data showed the British economy expanded by a stronger-than-expected 0.3% in March, despite ongoing geopolitical uncertainty linked to the West Asia conflict. France’s CAC 40 gained 0.6% to 8,057.64, while Germany’s DAX advanced 1.4% to 24,462.22, led by gains in industrial and technology stocks.
US futures also edged higher, indicating continued optimism on Wall Street following a series of record closes. Investor sentiment remained focused on global trade dynamics and geopolitical developments, particularly discussions between Trump and Xi, which covered bilateral relations and sensitive issues such as Taiwan, though analysts did not expect immediate breakthroughs from the meeting.
Overall, global markets appeared to maintain a cautiously optimistic tone, balancing geopolitical uncertainties with stronger-than-expected economic data from parts of Europe and sustained strength in technology-driven sectors across Asia.
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