Asia stocks gain as Fed cuts, Trump-Xi meeting in focus

Asian equities rose on Thursday after the Federal Reserve’s interest-rate cut and ahead of the meeting between Donald Trump and Xi Jinping in South Korea. The broad MSCI Asia-Pacific index (ex Japan) climbed about 0.4%. Meanwhile, the Bank of Japan left rates unchanged, the yen weakened and traders trimmed expectations of another U.S. rate cut this year. The upcoming U.S.–China discussions and central-bank signals are shaping investor sentiment globally.