China saw 'surprise' jump in U.S. orders ahead of Trump-Xi summit, private survey shows

China's exports to the US saw a rebound, according to a private survey, as companies position for continued stability between the world's two largest economies. This comes ahead of a summit between US President Donald Trump and Chinese President Xi Jinping.

The summit, which took place recently, was heavy on symbolism but produced no apparent breakthroughs on issues including AI, trade, Taiwan, and the Iran conflict. The leaders praised each other and reiterated their need for a "win-win" cooperation but no concrete agreements were reached.

Asian stocks mostly fell on Friday due to a global bond selloff that pushed long-term US Treasury yields to multi-year highs, weighing on risk appetite. Hong Kong's Hang Seng Index fell 1.7% to 24,343.19, its lowest level in two months, while the Hang Seng Tech Index declined more than 2% to a three-month low. Mainland Chinese, South Korean, and Taiwanese markets were closed for holidays, leaving trading volumes thin across the region.

Brief written by urgent.news from CNBC World, FXStreet, Business Recorder, Investing.com — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.