Asian shares rise on hope of US-China trade talks resuming
Asian markets got a boost this Friday, with shares rising after Wall Street gains and news that US President Trump and China's President Xi are set to meet on October 30 in Busan, South Korea.
Investors are hopeful this could cool down ongoing US-China trade tensions that have been rattling global markets.
Investors warned to keep portfolios diverse
Tech stocks like Intel jumped on strong earnings forecasts, while Treasury yields edged up and oil prices dipped a bit.
Everyone's watching for new US inflation data today—economists expect core inflation to stay steady at 3.1%.
Experts say there's excitement around AI investments and possible Fed rate cuts soon, but they're also warning investors to keep portfolios diverse, since trade talks and AI sector swings could still shake things up.