Trump and Xi: Trade Talks and Market Impacts

Former US President Donald Trump and Chinese President Xi Jinping met in South Korea to discuss issues such as trade, tariffs, and soybean exports. However, the omission of critical matters like TikTok and semiconductors was notable.

Following these discussions, significant declines were observed in technology stocks. While Alphabet (GOOG) shares gained value, Meta (META) shares experienced a sharp drop. Additionally, the market uncertainty was increased by the Federal Reserve's response to its decision to lower interest rates.