Asian equity markets surged on Monday as investor risk appetite rebounded amid expectations that Donald Trump and Xi Jinping will decide on a trade-deal framework this week. Japan’s Nikkei 225 and South Korea’s KOSPI both rose more than 2 %, and the broad Asia-Pacific index hit a record. At the same time, gold dropped about 1% and U.S. Treasury yields edged higher, as safe-haven demand eased in favour of equities. The move comes ahead of major central-bank decisions this week and a flurry of tech earnings.