MUFG
May 15, 2026
Trump-Xi Summit Broadly Constructive on the First Day
Market ReportFXEquitiesCommoditiesInformation TechnologyIndustrials
The first day of the Trump-Xi summit in Beijing ended with a constructive tone and a commitment for China to purchase 200 Boeing aircraft, though no comprehensive trade deal was reached. US markets surged to record highs on AI tech strength while Chinese equities retreated.
Key Takeaways
- 1.The Trump-Xi summit's first day was constructive but lacked a comprehensive trade deal; key outcomes included a Chinese commitment to buy 200 Boeing aircraft.
- 2.US stock markets hit record highs driven by AI optimism (Nvidia and Cisco), while Chinese markets fell as the summit was viewed as a stabilization exercise already priced in.
- 3.India introduced aggressive austerity measures, including raising import duties on gold and silver to 15%, to support the rupee amid geopolitical pressure.
Table of Contents
- Market Highlights
- Ahead Today
- INDICATIVE RATES 14-May-2026
- Disclaimer
- CERTIFICATION
- DISCLAIMERS
- Legal entities and branches
- General disclosures
- Country and region specific disclosures
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Authors
Michael Wan
Securities
NVDABASPXCSCOINR
Themes
Geopolitical StabilizationAI Trade RestrictionsFiscal Austerity
Regions
Asia PacificNorth AmericaChinaUnited StatesIndia