​​​Macro Update

​Asia stocks rise on AI optimism: Asian equities advanced as investors looked through inflation and geopolitical risks, with enthusiasm around AI supporting tech-heavy markets and European futures signalling a stronger open.

​Trump-Xi summit offers few surprises: Market reaction was subdued as initial comments from Xi suggested progress in trade discussions but warned that disagreements over Taiwan could place US-China relations on a dangerous trajectory.

​Nikkei touches record high: Japan’s Nikkei reached a fresh peak, driven by gains in technology, semiconductor and electronic component shares, although the broader Topix edged lower as weak earnings weighed on parts of the market.

​Dollar supported by…