Technology shares rose in the Asia stock markets.

Asia's stock markets recorded a broad rise on Friday as concerns over a trade war eased with the planned meeting between Donald Trump and Xi Jinping. The MSCI Asia stock index rose by about 0.5%, continuing its rapid ascent this year to reach historic highs. Technology stocks, particularly South Korean chipmaker SK Hynix Inc., played a significant role with a rise of up to 6.9%.

U.S. and European equity futures also climbed with this positive sentiment. Intel Corp shares gained value in after-hours trading in New York on Thursday, boosted by upbeat revenue forecasts. In the Chinese market, semiconductor stocks rose in light of the country's emphasis on technological self-sufficiency. The technology-heavy STAR 50 Index gained more than 3%. In the meantime, oil prices fell ahead of American inflation data.

The White House supported the broad rise by announcing Trump's meeting with his Chinese counterpart Xi Jinping. This summit marks the first time the two leaders will meet face-to-face following recent trade tensions. Hebe Chen, an analyst at Vantage Markets, stated, “The confirmation of the Xi-Trump meeting has provided markets with a relief opportunity. Although there are no expected warmer U.S.-China relations, any potential progress is seen as better than deadlock. Achieving a new deal has become more attainable.”

officials pledged that self-sufficiency and capacity in science and technology would be "significantly enhanced" within five years. Phelix Lee, a stock analyst at Morningstar, noted that this situation has sparked widespread interest among investors: “As trade gains momentum and the cycle turns upward, we expect to see increased interest from retail investors and some tech-unfocused investors.”

Canadian Dollar depreciated after Trump announced he would halt all trade negotiations with America's northern neighbor. Investors are focused on the delayed inflation report to be released on Friday. Movements in cross assets overnight indicated that investors expect an inflation data that won't harm the rising global markets seen in the past month.

Treasury bond yields remained largely stable on Friday. The rise expectation from the past three days was broken by the increase in bond yields, with the 10-year yield rising by 5 basis points to 4%.

Here are some key movements in the markets:

Stocks

• S&P 500 futures rose by 0.2%.
• Japan's Topix index increased by 0.7%.
• Australia's S&P/ASX 200 index remained unchanged.
• Hong Kong's Hang Seng index rose by 0.6%.
• Shanghai Composite index gained 0.4%.
• Euro Stoxx 50 futures increased by 0.2%.

Currencies

• Bloomberg Dollar Spot Index was little changed.
• The euro stayed steady at $1.1607.
• The Japanese yen fell by 0.2% to $152.89.
• The offshore yuan remained at $7.1283.

Cryptocurrencies

• Bitcoin rose by 1.3% to $111,031.79.
• Ether gained 2.3% to reach $3,920.58.

Bonds

• The yield on the 10-year Treasury bond remained at 4.00%.
• Japan’s 10-year yield decreased by 1 basis point to 1.655%.
• Australia's 10-year yield increased by 2 basis points to 4.14%.

Commodities

• West Texas Intermediate oil fell 0.4% to $61.53 per barrel.
• Spot gold decreased by 0.4% to $4,108.64 per ounce.