Asian equities were positive overnight, led by Hong Kong and South Korea, while Japan underperformed, as Trump and Xi are said to have held a phone call.

President Trump and Chinese President Xi are set to speak soon according to Treasury Secretary Scott Bessent. Investors are ushering in a new month after the S&P 500 and Nasdaq registered the best month since November 2023.

New York (CNN) — Stocks were higher Friday as President Donald Trump said the next round of US-China trade talks is set to take place on Monday. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer will meet in London with representatives of China, Trump said on social media.