Shares in Asia are mixed and Chinese markets fall despite Trump's trade truce with Xi
Update: 2025-10-31
Description
Asian markets reacted mixedly to a volatile week in global stocks, with Japan's Nikkei hitting a new record high and China's indices dipping due to weak manufacturing data. U.S. futures pointed higher, and oil prices slid, hinting at cautious optimism. Tech giants like Meta, Microsoft, and Alphabet saw varying fortunes, with Meta and Microsoft dropping due to high spending plans and investor concerns, while Alphabet beat earnings expectations. These tech stocks' performance significantly impacts the broader market, often overshadowing other industries.
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