Asian markets track Taiwan trade data as Trump-Xi summit nears
Investors look to Taiwan's August export orders and unemployment figures ahead of a Washington summit between Trump and Xi on September 24
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Asian markets are watching Taiwan's August export orders and unemployment data on Monday, with attention also on preparations for a summit between Donald Trump and Xi Jinping in Washington later this week.
The two leaders are set to meet on September 24 for talks covering tariffs, trade and critical minerals. Treasury Secretary Bessent has already met China's He Lifeng to prepare the ground, and Xi is expected to hold in-depth talks with Trump during the visit. Trump is also due to decide this week on a US-China deal covering artificial intelligence, with trade talks at the Treasury level running alongside the summit planning.
Broader markets showed signs of risk appetite on Monday. The 10-year Treasury yield fell to 4.95%, and Bitcoin rose 6.7% to above $86,000. Expectations of strong demand for artificial intelligence hardware are also supporting sentiment, alongside optimism that the summit could ease tension over technology and trade.
A more conciliatory tone from Washington ahead of the summit, combined with expectations of strong AI demand, has eased some of the anxiety that had built up around tariffs and energy costs. But tariff threats between the two countries remain unresolved, and any setback in the talks could quickly reverse the improvement in sentiment.