{"id":55293,"date":"2025-10-29T23:08:30","date_gmt":"2025-10-30T03:08:30","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/us-china-trade-hopes-emerge-from-xi-trump-meeting-tech-giants-see-analyst-revisions\/55293\/"},"modified":"2025-10-29T23:08:30","modified_gmt":"2025-10-30T03:08:30","slug":"us-china-trade-hopes-emerge-from-xi-trump-meeting-tech-giants-see-analyst-revisions","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-china-trade-hopes-emerge-from-xi-trump-meeting-tech-giants-see-analyst-revisions\/55293\/","title":{"rendered":"US-China Trade Hopes Emerge from Xi-Trump Meeting; Tech Giants See Analyst Revisions"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Trade teams from the U.S. and China have reportedly reached a &quot;basic consensus&quot; on addressing key concerns, following a high-stakes meeting between Chinese President Xi Jinping and former U.S. President Donald Trump in South Korea.<\/strong><\/li>\n<li><strong>Piper Sandler has upgraded Alphabet (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>) shares, significantly raising its price target to $330, while simultaneously revising its price target for Meta (<a href=\"\/stock\/META\">META<\/a>) downwards to $840 from $880.<\/strong><\/li>\n<li><strong>The Bank of Japan&#39;s latest policy decision triggered a sharp increase in Dollar\/Yen volatility, which jumped to a 4\u00bd-month high of 16.45%.<\/strong><\/li>\n<li><strong>Optimism surrounding a potential U.S.-China trade deal spurred gains in South Korean stocks and lifted iron ore prices, although profit-taking tempered the rally in the latter.<\/strong><\/li>\n<\/ul>\n<p>Chinese President Xi Jinping and former U.S. President Donald Trump met in South Korea, with both leaders expressing a desire to stabilize bilateral relations amidst ongoing trade frictions. During their highly anticipated talks, President Xi stated that trade teams from both nations had achieved a &quot;basic consensus&quot; on addressing their respective major concerns, signaling encouraging progress. President Xi emphasized that while disagreements are normal between the world&#39;s two largest economies, they should strive to be &quot;partners and friends&quot; and guide the direction of bilateral ties.<\/p>\n<p>The conciliatory tone from the meeting, where Trump also noted he was &quot;ready to agree to some more now,&quot; comes after months of trade tensions. Xi highlighted that China&#39;s development &quot;goes hand in hand with the vision to make America great again,&quot; advocating for a healthy environment for the development of both countries. Trump, in turn, called Xi a &quot;very tough negotiator&quot; but expressed confidence in a &quot;very successful meeting.&quot;<\/p>\n<p>In corporate news, Piper Sandler adjusted its outlook on two major tech companies. The firm upgraded <strong>Alphabet<\/strong> (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>), increasing its price target to a notable <strong>$330<\/strong>. This positive revision suggests <em>analyst confidence<\/em> in the tech giant&#39;s future performance. Conversely, Piper Sandler revised its price target for <strong>Meta<\/strong> (<a href=\"\/stock\/META\">META<\/a>) downwards to <strong>$840<\/strong> from <strong>$880<\/strong>.<\/p>\n<p>Meanwhile, global markets reacted to central bank actions and trade developments. The Bank of Japan&#39;s recent decision led to a significant spike in Dollar\/Yen volatility, reaching <strong>16.45%<\/strong>, a <strong>4\u00bd-month high<\/strong>. This indicates increased uncertainty in currency markets following the central bank&#39;s move.<\/p>\n<p>In Asia, South Korean stocks experienced continued gains after the completion of a U.S. trade deal. Iron ore prices also climbed, driven by renewed hopes for a broader U.S.-China trade agreement. However, the rally in iron ore was somewhat restrained by profit-taking, as investors remained cautious. The positive sentiment around the U.S.-China dialogue has been a key factor in market movements, with officials from both sides working towards a framework to ease trade disputes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Trade teams from the U.S. and China have reportedly reached a &quot;basic consensus&quot; on addressing key concerns, following 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