UBS analysts describe the latest U.S.–China discussions as “modestly positive,” sparking optimism in global markets. Though no formal deals emerged, reduced tensions and robust AI-driven growth continue to underpin equity rallies on both sides of the Pacific.

Despite posting robust profits driven by AI server demand, Foxconn, a key supplier for Apple and Nvidia, has lowered its full-year sales outlook. The company cites currency appreciation and tariff risks as significant challenges ahead.