Asia equities rally as tech surge and Trump-Xi meeting boost sentiment

Asian stocks rose broadly this morning, powered by strong gains in the U.S. tech sector and growing expectations of a diplomatic breakthrough between the United States and China. Japan’s Nikkei 225 jumped more than 2 %, and South Korea’s KOSPI climbed over 1 %, hitting fresh highs. Investors cited a renewed AI-driven momentum, an anticipated policy rate cut by the Federal Reserve and the planned summit between Donald Trump and Xi Jinping as key drivers. While optimism is elevated, some strategists warned of upside risks being priced in already.