Asian markets are rising, boosted by AI and attention surrounding the Trump-Xi summit

Asian stock markets rose on Thursday, buoyed by investor enthusiasm for artificial intelligence and attention to the meeting between the US president and the US president. Donald Trump and Chinese President Xi Jinping. Markets have been evolving in a climate combining technological optimism and diplomatic caution.

One of the drivers of the rise remains the AI ​​sector, which continues to fuel technology stocks in Asia. The South Korean group SK Hynix, in particular, has approached the symbolic threshold of a $1 trillion market capitalization, illustrating the scale of the current momentum surrounding semiconductors and infrastructure related to artificial intelligence.

On the political front, investors are closely monitoring the summit between Donald Trump and Xi JinpingThe talks, organized against a backdrop of persistent trade tensions between the two powers, are expected to address the fragile trade truce currently in place, as well as several sensitive issues such as arms sales to Taiwan and tensions related to certain international conflicts.

According to several analysts, expectations surrounding this meeting remain relatively low. Michael Strobaek, global chief investment officer at Lombard Odier, believes that simply maintaining the status quo could already be considered a positive outcome, in an international context marked by numerous geopolitical uncertainties.

Foreign exchange markets are also reflecting this nervousness. The Chinese yuan reached its highest level against the dollar in three years, while the British pound retreated after briefly touching its highest level since the end of 2021. Investors are adjusting their positions based on the diplomatic and economic signals coming from the summit.

Furthermore, energy markets remain under pressure, with oil prices exceeding $100 a barrel, fueled by persistent tensions in the Middle East. Against this backdrop, global financial markets are fluctuating between technological optimism and persistent geopolitical concerns.