China’s President Xi Jinping (R) and US President Donald Trump visit the Temple of Heaven in Beijing on May 14, 2026. Xi warned Trump that the issue of Taiwan could push their two countries into “conflict” if mishandled, a stark opening salvo as a superpower summit set to tackle numerous thorny issues began in Beijing on May 14. (Photo by Brendan SMIALOWSKI / POOL / AFP via Getty Images)
Brendan Smialowski | Afp | Getty Images
South Korea’s benchmark Kospi notched a fresh record hih on Friday, leading gains in Asia-Pacific markets as investors tracked the second day of high-stakes talks between U.S. President Donald Trump and Chinese President Xi Jinping.
The index rose more than 0.6% to more than 8,000, while the small-cap Kosdaq was down 0.4%.
Japan’s Nikkei 225 added 0.89% and the Topix jumped 1.18%.
In Australia, the S&P/ASX 200 gained 0.42%.
Hong Kong’s Hang Seng index futures were at 26,341, slightly below the index’s last close of 26,389.04.
Trump arrived in Beijing on Wednesday for the closely watched summit, joined by a delegation of American business leaders, including Tesla CEO Elon Musk and Nvidia chief Jensen Huang.
Xi warned Trump on Thursday that Washington and Beijing could face “clashes and even conflicts” if the sensitive issue of Taiwan independence is mishandled.
Failure to handle the matter “properly” could place “the entire relationship in great jeopardy,” Xi was quoted as saying.
U.S. stock futures were little changed on Thursday night. Dow futures fell by 10 points, or 0.02%. S&P 500 futures dipped 0.02%, and Nasdaq 100 futures rose 0.06%.
Overnight in the U.S., the Dow Jones Industrial Average retook 50,000 after Cisco Systems reported strong earnings. The 30-stock index popped 370.26 points, or 0.75%, to end at 50,063.46.
The S&P 500 climbed 0.77% and closed at 7,501.24, while the Nasdaq Composite gained 0.88% to 26,635.22. Those two indexes scored fresh all-time intraday highs and record closes.
— CNBC’s Sean Conlon and Lisa Kailai Han contributed to this report
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