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.
