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Hello, this is Dylan writing to you from Singapore. Welcome to another edition of CNBC's Daily Open.

Wall Street was riding high as the first day of the U.S.-China summit raised hopes for a positive relationship reset and agreements from both sides.

Markets will be closely watching the second and final day of talks, to gauge how the developments at the summit ripple through trade, tech and energy.

U.S. stocks powered higher Thursday, with the S&P 500 posting its first close above 7,500, and the Dow Jones Industrial Average jumping 370 points to recapture the 50,000 level.