Overview
- China’s vice trade minister Li Chenggang said the two sides reached a preliminary accord after two days of talks in Malaysia.
- U.S. negotiator Scott Bessent signaled possible concessions including a one‑year delay to Chinese rare‑earth export curbs and a restart of U.S.‑bound soybean purchases.
- Asian equities surged Monday, with Japan’s Nikkei closing above 50,000 for the first time and South Korea’s Kospi topping 4,000.
- Major U.S. indices notched fresh records Monday, while the DAX ended slightly higher before dipping in Tuesday indications as traders waited for the Fed and ECB.
- Presidents Trump and Xi are expected to decide on the framework at this week’s APEC summit in South Korea.