Asian stocks rise on US-China talks

Asian stocks and U.S. stock index futures rose after the United States described talks with China as "very successful," ahead of an upcoming summit between Presidents Donald Trump and Xi Jinping this week. The MSCI Asia Pacific Index increased by 0.7%, led by the technology sector, while futures for the S&P 500 rose by 0.4% and the Nasdaq 100 by 0.6%. Meanwhile, oil prices declined for the fourth straight day, with Brent crude dropping by 2.1% to $101.65, amid anticipation of developments in the Iran situation, which supported positive economic sentiment and pushed global bond yields higher. On the diplomatic front, American and Chinese officials held discussions in New York on artificial intelligence, agreeing to establish a dialogue aimed at developing a mutual understanding of goals and threats. The summit between Trump and Xi is seen as an opportunity to maintain stability in relations despite challenges, including rising economic tensions and fierce competition in technology.

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