{
  "id": 9478106,
  "title": "Asian markets mixed as China’s Xi arrives for US talks",
  "url": "https://urgent.news/2026/09/24/asian-markets-mixed-as-chinas-xi-arrives-for-us-talks-9478106",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T02:56:01.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/09/24/asian-markets-mixed-as-china-s-xi-arrives-for-us-talks"
  },
  "original_language": "en",
  "account": "Asian markets oscillated on Thursday as traders kept an eye on a crucial summit between US President Donald Trump and Chinese President Xi Jinping. The talks would concentrate on AI, trade, and the Middle East conflict. Xi's arrival in Washington was accompanied by US Treasury Secretary Scott Bessent's revelation that the economic superpowers had agreed to prolong a trade truce by two months, extending it until January 10 instead of the original deadline of November 10. However, the potential for profitable business deals was clouded by the absence of Chinese CEOs from Xi's delegation, while top US tech executives, including leaders of prominent AI companies, were slated to attend the banquet.\n\nDuring pre-summit discussions, Bessent and his Chinese counterpart He Lifeng explored the possibility of establishing a communication channel to address AI-related matters, as concerns rose that the technology might pose a threat to humanity. Market observers were seeking indications of cooperation (even if only superficial) in managing AI risks without aggravating regulatory hurdles.\n\nHong Kong, Shanghai, and Taipei experienced declines in their markets, while Japan's Nikkei saw a 1.6% increase as it resumed trading after a three-day hiatus. The Nikkei's rise was driven by the benchmark 10-year JGB yield reaching a 30-year high of 3.055%, following a surge in US bond yields. The 10-year US Treasury yield climbed to 5.11%, its highest level since 2007, following last week's Federal Reserve rate hike as a means to alleviate concerns that policymakers were not expediting inflation control. The Middle East war would also be discussed during the US-China talks, as Trump confirmed that Beijing was reportedly supplying Tehran with intelligence during the ongoing conflict. Despite earlier dismissal of such reports, the standoff between Iran and the US-backed coalition in the region remained a point of contention.\n\nOil prices softened on Thursday following a significant increase the previous day, as global leaders at the UN General Assembly offered scant hope for resolving the turmoil in the Middle East. The international benchmark, Brent crude, fell by 1% early in Asian trading, down from more than 3% the day before. The optimism surrounding a possible deal to facilitate the free flow of Gulf oil and gas through the Strait of Hormuz had previously contributed to a decline in oil prices in recent sessions.",
  "summary": "Investors are looking for signs of cooperation amid a simmering trade war between the world's top two economies.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "Asian markets mixed as China’s Xi arrives for US talks",
        "url": "https://urgent.news/2026/09/24/asian-markets-mixed-as-chinas-xi-arrives-for-us-talks",
        "published": "2026-09-24T02:56:01.000Z"
      },
      {
        "outlet": "Winnipeg Free Press",
        "title": "Asian shares trade mixed as markets eye oil prices, US bonds, and currency fluctuations",
        "url": "https://urgent.news/2026/09/24/asian-shares-trade-mixed-as-markets-eye-oil-prices-us-bonds-and",
        "published": "2026-09-24T04:16:53.000Z"
      }
    ]
  },
  "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."
}