The White House confirmed yesterday that President Trump will meet Chinese President Xi Jinping on Oct. 30 in South Korea during the upcoming Asia-Pacific Economic Cooperation (“APEC”) Summit, marking their first in-person engagement since Trump’s return to the Oval Office. The announcement immediately lifted investor sentiment across Asia on Thursday, pushing regional indices like Nikkei and IDX Composite higher on hopes that the discussions would improve U.S.-China trade relations.
A favorable outcome from this summit could meaningfully benefit emerging markets in the Asia-Pacific region that are often heavily reliant on international trade and susceptible to shifts in global economic sentiment. Thus, the latest development could be a crucial signal for investors to consider entering these Asia-Pacific emerging market exchange-traded funds (ETFs), anticipating a favorable outcome from the APEC summit.
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