The Aporia · Stocks advance after Bessent says talks with China were successful before Trump-Xi meeting

Stocks advance after Bessent says talks with China were successful before Trump-Xi meeting

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Ho-him, C. (2026, September 21). Stocks advance after Bessent says talks with China were successful before Trump-Xi meeting. Toronto Star. https://www.thestar.com/news/world/stocks-advance-after-bessent-says-talks-with-china-were-successful-before-trump-xi-meeting/article_c78b29c6-1f5d-5aba-9126-b0b41950267c.html

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Quick Summary

Asian stock markets advanced on Monday following comments by U.S. Treasury Secretary Scott Bessent, who said talks with China were successful before President Trump’s meeting with Chinese leader Xi Jinping in Washington. The Kospi in South Korea rose 1.7%, while Taiwan’s Taiex gained 1.1%. In Hong Kong, the Hang Seng index climbed 0.9%. Markets are optimistic about potential progress on trade and artificial intelligence during the talks between Trump and Xi.

Written by AI on 2026-09-21, from this article's own text only (the story summary below draws on all the coverage).

AI analysis

Story summary

Scott Bessent, U.S. Treasury Secretary, met with He Lifeng, Chinese Vice Premier, on September 20, 2026, in New York City ahead of a planned summit between President Donald Trump and Chinese leader Xi Jinping scheduled for September 24 in Washington. The talks focused on trade issues, tariffs, rare earth minerals, and artificial intelligence (AI), setting the stage for discussions at the leaders' meeting. U.S. Trade Representative Jamieson Greer also participated in the all-day session held at JPMorgan Chase's headquarters. Treasury Secretary Bessent called the engagement "very successful," emphasizing a proposed mechanism to enhance communication on AI security threats between the two nations. The summit aims to ease tensions and address economic and strategic concerns, though analysts predict limited breakthroughs due to ongoing great power competition. Markets responded positively to news of the productive talks, with Asian stocks advancing on Monday.

Written for “US-China Trade Talks Ahead Summit” on 2026-11-01, grounded in this article and the 29 other(s) covering the same event.

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sentences that state something as happening or true

Uncertain

2 of 27 hedged ("reportedly", "may", "according to")

Leaning

not political

takes no side on a contested political question

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64/100

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Who wrote this

Chan Ho-him

16 article(s) here · 1 carrying a prediction

🔮 As the rivalry intensifies, experts say the window for countries to be able to choose freely between the two AI superpowers may be narrowing, forcing them to at one point pick between the U.S.-led Pax Silica and the China-inspired World AI Cooperation Organization.

2026-10-25 · assertive framing · As the US and China form AI blocs, countries are increasingly torn between them

🔮 Earlier this month, the International Monetary Fund trimmed its forecast for China’s 2026 economic growth to 4.5%, just meeting the lower end of Beijing’s goal.

2026-10-19 · assertive framing · China's economy accelerates on robust exports as domestic weakness persists

🔮 Index provider MSCI warned it would downgrade Indonesia from its “emerging market” status, triggering growing concerns of a capital flight.

2026-10-16 · assertive framing · Stocks rebound after tech sell-off and Indonesia shares sink on market downgrade warning

🔮 Despite the seeming European unity this week, it remains unclear what the EU can or is willing to do.

2026-10-08 · assertive framing · EU sends envoy to Beijing as rising exports from China raise economic anxiety

🔮 Investors and traders are monitoring closely the U.S. monthly jobs report for September to be released on Friday, as the data could provide more signal to the likelihood of an October interest rate hike by the Federal Reserve, after the Fed raised rates in September for the first time in three years.

2026-10-02 · assertive framing · Asian shares mixed after global bond sell-off deepens and ahead of US jobs data

🔮 China’s Alibaba unveiled new artificial intelligence chip technologies and plans for more powerful models on Tuesday, including what it said was China’s most powerful AI chip, days ahead of a meeting between Chinese and U.S. leaders at which competition to lead on AI technology is expected to be a major theme.

2026-09-22 · assertive framing · China's Alibaba unveils new powerful chip and ambitious AI model plans

🔮 HONG KONG (AP) — U.S. President Donald Trump and Chinese leader Xi Jinping, leaders of rival nations in a race to dominate artificial intelligence, are expected to meet this week against a backdrop of rising concerns about the threats that rogue AI could pose to humanity.

2026-09-21 · assertive framing · China and the US are competing for AI dominance but have shared concerns over safety

🔮 HONG KONG (AP) — Asian shares advanced Monday ahead of the expected meeting between U.S. President Donald Trump and Chinese leader Xi Jinping this week in Washington, which could cover trade, artificial intelligence and geopolitics.

2026-09-21 · assertive framing · Stocks advance after Bessent says talks with China were successful before Trump-Xi meeting

🔮 But a taste for a cheap, crowd-pleasing meal may be something the two leaders share.

2026-09-20 · assertive framing · Fast food from the US and China catches on in both countries

🔮 The current debate takes on greater importance ahead of Chinese President Xi Jinping’s expected visit to Washington this month to meet U.S. President Donald Trump, and as experts say the future of AI will depend significantly on what China and the U.S. do and don’t do.

2026-09-15 · assertive framing · As the world debates the risks of AI, China closes the technology gap with the US

Also by Chan Ho-him

As the US and China form AI blocs, countries are increasingly torn between them

2026-10-25 · Toronto Star

APEC finance ministers warn persistent global imbalances risk growth and stability

2026-10-21 · Toronto Star

China's economy accelerates on robust exports as domestic weakness persists

2026-10-19 · Toronto Star

Stocks rebound after tech sell-off and Indonesia shares sink on market downgrade warning

2026-10-16 · Toronto Star

Nothing else under this byline is closely related to this article, so these are simply their most recent.

All 16 articles by Chan Ho-him →

Topics

China Chinese Iran Treasury U.S.

Subjects

U.S. GPE · 8× China GPE · 4× Iran GPE · 4× Chinese NORP · 3× Treasury ORG · 3× Asian NORP · 1× Donald Trump PERSON · 1× HONG KONG GPE · 1× Washington GPE · 1× Xi Jinping PERSON · 1×

Narrative

However, they said profit-taking by investors after the recent jump in oil prices, together with hopes for constructive discussions at this week’s U.N. General Assembly and at the Trump-Xi meeting, helped improve market sentiment.

framing: assertive · carried by 1 article(s) · first seen 2026-09-21

2026-09-21 · Toronto Star

Stocks advance after Bessent says talks with China were successful before Trump-Xi meeting · assertive framing

Claims (27 extracted, 2 hedged)

HONG KONG (AP) — Asian shares advanced Monday ahead of the expected meeting between U.S. President Donald Trump and Chinese leader Xi Jinping this week in Washington, which could cover trade, artificial intelligence and geopolitics. uncertain

which → advance → trade

U.S. futures were higher after Treasury Secretary Scott Bessent told reporters following talks Sunday with Chinese Vice Premier He Lifeng in New York that the U.S. had “a very successful engagement” with the Chinese side. asserted

U.S. → tell → side

Technology stocks in Asia also moved higher on the AI boom even as American tech leaders called for a slowdown in AI development over safety concerns. asserted

leaders → move → concerns

South Korea’s Kospi rose 1.7% to 7,007.72. asserted

Kospi → rise → 7,007.72

Samsung Electronics jumped 5%, while memory chipmaker SK Hynix climbed 0.6%. asserted

Hynix → jump → ?

Taiwan’s Taiex was up 1.1%, with its leading AI chipmaker Taiwan Semiconductor Manufacturing Co., or TSMC, adding 0.8%. asserted

Co. → lead → %

Hong Kong’s Hang Seng advanced 0.9% to 24,975.58. asserted

Seng → advance → 24,975.58

The Shanghai Composite index gained 1% to 3,949.91. asserted

index → gain → 3,949.91

Markets in Japan were closed Monday and will remain closed through Wednesday for holidays. asserted

Markets → remain → holidays

India’s Sensex rose 0.7%. asserted

Sensex → rise → ?

On Sunday, Bessent said talks with China touched on trade and AI. asserted

talks → say → trade

China and the United States have been discussing reciprocal tariff reductions on $30 billion worth of goods from each side. asserted

China → discuss → side

In Beijing, China’s Foreign Ministry on Monday confirmed that Xi will pay a state visit to the U.S. between Sept. 23 and 25. asserted

Xi → confirm → Sept.

Experts and policymakers believe trade, tariffs, AI safety, among other items, are likely to be on the agenda. asserted

trade → believe → agenda

The war in Iran and developments in the Middle East and ties between China and Iran could also be discussed. uncertain

war → discuss → China

Oil prices fell more than 2% early Monday as vessel traffic and energy flows through the Strait of Hormuz picked up, although the Strait has remained largely closed and uncertainty persisted over U.S.-Iran tensions. asserted

uncertainty → fall → tensions

Tensions between Saudi Arabia and the Iran-backed Houthis and Saudi Arabia’s closure of a key oil pipeline also continued to add pressure to global oil supplies. asserted

Tensions → back → supplies

Brent crude, the international standard, fell 2.1% to $101.65 per barrel. asserted

crude → fall → barrel

Benchmark U.S. crude lost 2.3% to $93.86 per barrel. asserted

crude → lose → barrel

Oil supply concerns remain elevated, ING commodities strategists Ewa Manthey and Warren Patterson wrote in a commentary Monday. asserted

strategists → remain → commentary

taking → say → sentiment

The U.S. dollar rose to 157.25 Japanese yen from 156.81 yen. asserted

dollar → rise → yen

The euro was trading at $1.1473, down from $1.1483. asserted

euro → trade → 1.1483

Wall Street’s benchmark S&P 500 added 0.2% on Friday. asserted

S&P → add → Friday

The Dow Jones Industrial Average edged down 0.2%, and the technology-heavy Nasdaq composite gained 0.4%. asserted

composite → edge → %

Investors are also watching the bond market as the yield on the U.S. 10-year Treasury hit 5% and the Federal Reserve last week decided to raise rates for the first time in three years. asserted

Reserve → watch → years

The Bank of Japan last week also raised rates to a 31-year high. asserted

Bank → raise → high