ByBrendan Ahern,
Senior Contributor.
Asian equities were mostly higher overnight, supported by easing trade tensions between the United States and China and positive sentiment from President Trump, who is in the region. Hong Kong was closed for Chung Yeung Day, which is also known as "Tomb Sweeping Day" and is when families honor their ancestors.
President Trump made optimistic comments regarding his meeting with President Xi, which is scheduled for tomorrow. China's Foreign Ministry confirmed the meeting, which will likely provide a constructive tailwind for markets.
US Agriculture Secretary Brooke Rollins announced via X that China has already placed a new order for US soybeans. Market expectations focus on deals and concessions concerning chips and fentanyl. However, there has been additional speculation of a potential deals for Boeing airplanes in exchange for US access to rare earths. Meanwhile, a state visit in 2026 could also be on the table. President Trump is the only leader in Washington, DC, engaged in direct dialogue with China, or so it would appear.
