{
  "id": 8852022,
  "title": "Stocks advance after Bessent says talks with China were successful before Trump-Xi meeting",
  "url": "https://urgent.news/2026/09/21/stocks-advance-after-bessent-says-talks-with-china-were-successful",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-21T05:23:22.000Z",
  "source": {
    "name": "Winnipeg Free Press",
    "slug": "winnipeg-free-press",
    "url": "https://www.winnipegfreepress.com/business/2026/09/21/stocks-advance-after-bessent-says-talks-with-china-were-successful-before-trump-xi-meeting"
  },
  "original_language": "en",
  "account": "Asian stock markets advanced on Monday as investors awaited the anticipated meeting between U.S. President Donald Trump and Chinese President Xi Jinping in Washington. The expected discussion could revolve around trade, artificial intelligence, and geopolitics. Treasury Secretary Scott Bessent affirmed that the pre-meeting talks with his Chinese counterpart, Vice Premier He Lifeng, were highly successful. This optimistic news propelled technology stocks on the Asian continent higher, despite American tech professionals advocating for a temporary halt in AI development due to safety concerns. South Korea's Kospi index surged 1.8% to 7,018.98, while Samsung Electronics rose 5% and SK Hynix increased 1%. Taiwan's Taiex gained 1.1%, driven by Taiwan Semiconductor Manufacturing Co. (TSMC), which saw a 0.6% increase. Hong Kong's Heng Seng index also climbed 0.6% to 24,891.58. China's Shanghai Composite index experienced a 0.6% uptick to 3,933.37. Japan's Nikkei 225 will observe a holiday through Wednesday. Australia's S&P/ASX 200 remained nearly unchanged at 8,730.40. On Sunday, Bessent disclosed that discussions covered trade and AI, mentioning that both parties explored reciprocal tariff reductions on $30 billion worth of goods exchanged between their nations. The agenda for the upcoming meeting between Trump and Xi seems to encompass trade, tariffs, AI safety, along with other critical topics including the ongoing war in Iran and developments in the Middle East, as well as ties between China and Iran. Oil prices dipped early Monday after vessel traffic and energy flows through the Strait of Hormuz increased, despite the Strait being largely closed and uncertainties persisting in U.S.-Iran tensions. Moreover, tensions between Saudi Arabia and Iran-backed Houthis, coupled with Saudi Arabia's closure of a crucial oil pipeline, further strained global oil supplies. Brent crude, the global benchmark, declined by 2.1% to $101.67 per barrel, marking a stark contrast from late February's price of around $72 per barrel, when the war in Iran commenced. U.S. benchmark crude dropped 2.2% to $93.99 per barrel. The U.S. dollar strengthened to 157.02 Japanese yen from 156.81 yen, while the euro decreased to $1.1476 from $1.1483. Wall Street's S&P 500 index rose by 0.2% on Friday, while the Dow Jones Industrial Average saw a marginal decline of 0.2%, and the technology-focused Nasdaq composite gained 0.4%. Investors are also closely monitoring the bond market as the yield on U.S. 10-year Treasury notes surged to 5% and the Federal Reserve recently implemented its first rate hike in three years. Additionally, the Bank of Japan recently raised rates to a 31-year record high. Elevated government bond yields have persisted, attributed to heightened inflationary pressure from the war-induced energy shock and the burgeoning U.S. national debt.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/8852022.png",
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Trump-Xi summit outlook: watch these Chinese stocks and sectors",
        "url": "https://urgent.news/2026/09/21/trump-xi-summit-outlook-watch-these-chinese-stocks-and-sectors",
        "published": "2026-09-21T03:15:06.000Z"
      },
      {
        "outlet": "Yahoo Finance",
        "title": "Stocks advance after Bessent says talks with China were successful before Trump-Xi meeting",
        "url": "https://urgent.news/2026/09/21/stocks-advance-after-bessent-says-talks-with-china-were-successful-8889335",
        "published": "2026-09-21T05:19:36.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "China shares climb ahead of Trump-Xi summit; tech stocks inch up",
        "url": "https://urgent.news/2026/09/21/china-shares-climb-ahead-of-trump-xi-summit-tech-stocks-inch-up",
        "published": "2026-09-21T06:04:57.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Yuan hits fresh multi-year peak as China’s central bank eases curb ahead of Trump-Xi summit",
        "url": "https://urgent.news/2026/09/21/yuan-hits-fresh-multi-year-peak-as-chinas-central-bank-eases-curb",
        "published": "2026-09-21T10:42:31.000Z"
      },
      {
        "outlet": "Bloomberg",
        "title": "Stocks Rise as US, China Hail Positive Talks Ahead of Trump-Xi Summit",
        "url": "https://urgent.news/2026/09/21/stocks-rise-as-us-china-hail-positive-talks-ahead-of-trump-xi-summit",
        "published": "2026-09-21T11:52:58.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}