Tech stocks rally rolls on as US-China talks underway

LONDON — European and U.S. stock markets climbed Thursday as a tech-fuelled rally rolled on even as the United States and China were locked in talks in Beijing, accompanied by key U.S. business leaders hoping for deals. U.S. President Donald Trump and Chinese counterpart Xi Jinping met for a closely watched summit that covered thorny issues including Taiwan, but yielded few concrete outcomes in its opening phase. Trump and Xi are set to discuss extending a one-year tariff truce, which the two leaders reached during their last meeting in South Korea in October, though a deal is far from certain. China's controls on rare earth and agriculture exports are also expected to be on the menu. Wall Street's leading indices pushed higher, with both the S&P 500 and Nasdaq Composite setting new all-time highs on AI bullishness. "This positive bias is rooted in the positive disposition of many tech stocks," Briefing.com analyst Patrick O'Hare wrote before the start of trading. Cisco shares rose more than 15 percent, buoyed by stronger-than-expected quarterly results and forecasts for the current quar

Original source: Korea Times