Nikkei 225, Kospi, Hang Seng Index
China’s President Xi Jinping (R) and US President Donald Trump go to the Temple of Heaven in Beijing on May 14, 2026. Xi warned Trump that the problem of Taiwan might push their two nations into “conflict” if mishandled, a stark opening salvo as a superpower summit set to sort out quite a few thorny points started in Beijing on May 14. (Photo by Brendan SMIALOWSKI / POOL / AFP through Getty Images)
Brendan Smialowski | Afp | Getty Images
South Korea’s benchmark Kospi gave up earlier positive factors to fall greater than 3% on Friday, retreating from a recent report excessive above 8,000 as broader Asia-Pacific markets fell. Investors have been following the second day of high-stakes talks between US President Donald Trump and Chinese President Xi Jinping.
The small-cap Kosdaq was down 2.61%. Japan’s Nikkei 225 declined 1.1% and the Topix misplaced 0.13%. In Australia, the S&P/ASX 200 was little modified.
Hong Kong’s Hang Seng index slid 0.89% whereas the CSI 300 remained flat. India’s Nifty 50 was up 0.2%.
The Kospi finished 7,000 For the primary time on May 5, after index heavyweight Samsung Electronics reached a report excessive, crossing $1 trillion in market capitalization.
The record-breaking streak comes amid concerns of concentration risksnotably in synthetic intelligence shares. Samsung Electronics and SK Hynix collectively made up a report 42.2% of the Kospi in May, in keeping with Manulife Investment Management.
The earlier positive factors in South Korea’s market mirrored investor optimism that the Trump-Xi talks might ease tensions round commerce and know-how exports, notably for chipmakers and AI-related shares.
Shares of Samsung Electronics fell by greater than 5% after its labor union mentioned it might proceed with its deliberate 18-day strike from May 21 involving greater than 45.00 workersregardless that the corporate has proposed summarizing wage talks with out preconditions.
The union mentioned it was prepared to return to negotiations after June 7.
Trump arrived in Beijing on Wednesday for the carefully watched summit, joined by a delegation of American enterprise leaders, together with tesla CEO Elon Musk and Nvidia Chief Jensen Huang.
Xi warned Trump on Thursday that Washington and Beijing might face “clashes and even conflicts” if the delicate problem of Taiwan independence is mishandled.
Failure to deal with the matter “properly” might place “your entire relationship in great jeopardy“Xi was quoted as saying.
US inventory futures have been little modified on Thursday night time. Dow futures fell by 10 factors, or 0.02%. S&P 500 futures dipped 0.02%, and Nasdaq 100 futures rose 0.06%.
Overnight within the US, the Dow Jones Industrial Average retake 50,000 after Cisco Systems reported sturdy earnings. The 30-stock index popped 370.26 factors, or 0.75%, to finish at 50,063.46.
The S&P 500 climbed 0.77% and closed at 7,501.24, whereas the Nasdaq Composite gained 0.88% to 26,635.22. Those two indexes scored recent all-time intraday highs and report closes.
—CNBC’s Justina Lee, Sean Conlon and Lisa Kailai have contributed to this report
