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An upcoming summit between President Donald Trump and Chinese President Xi Jinping is emerging as a key test for US equities trading at record highs. Shares of several companies linked to executives attending the Beijing meeting rose in premarket trading, with Nvidia up 2.5%, Micron 5.8%, Qualcomm 4.9%, Tesla 1.3%, and Boeing 0.7%. Piper Sandler’s Danny Kirsch said investors would react negatively to any developments that hurt US-China trade relations or escalate Middle East tensions, warning renewed trade-war threats could trigger equity selling.