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International Business Times
International Business Times
Business

Asian Stocks Rally As Traders Cheer Trump-Xi Meeting Plan

Donald Trump Xi Jinping White House Asia United States Oil China APEC
Donald Trump and Xi Jinping are due to meet on the sidelines of the APEC summit in South Korea next week (Credit: AFP)

Asian markets rallied Friday after the White House confirmed President Donald Trump would meet China's Xi Jinping next week, stoking optimism for a cooling of trade tensions between the economic superpowers.

The gains came as the surge in oil prices sputtered, having seen huge rises over the previous two days on news that Washington had imposed sanctions on two Russian crude giants in a bid to bring an end to the Ukraine war.

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