World shares are mixed after White House confirms plans for Trump to
meet with Chinese leader Xi
[October 24, 2025] By
TERESA CEROJANO
MANILA, Philippines (AP) — World shares were mixed on Friday after the
White House confirmed plans for President Donald Trump to meet with
Chinese leader Xi Jinping next week.
The confirmation reduced some of the uncertainty surrounding trade
tensions between the two biggest economies, though prospects for a
significant trade deal remain unclear.
The future for the S&P 500 rose 0.2% while that for the Dow Jones
Industrial Average was up nearly 0.1%. Oil prices have declined after
surging a day earlier
In early European trading, Germany's DAX rose 0.1% to 24,235.73, while
Britain's FTSE 100 edged less than 0.1% higher to 9,564.87. In Paris,
the CAC 40 fell 0.3% to 8,203.50.
Chinese benchmarks gained after the ruling Communist Party wrapped up an
important planning meeting Thursday without any major policy changes.
Hong Kong’s Hang Seng index gained more than 0.7% to 26,160.15, while
the Shanghai Composite index added 0.7% to 3,950.31.
Japan’s Nikkei 225 rebounded Friday from the previous day's losses,
adding 1.4% to 49,299.65. Tech shares were among gainers as sentiment
was boosted by the White House confirmation of Trump's meeting with Xi.
Data released Friday showed Japan’s core inflation rate rose to 2.9% in
September from 2.7% in August. Despite price pressures, the Bank of
Japan is widely expected to keep interest rates unchanged at a meeting
next week: newly elected Prime Minister Sanae Takaichi has expressed a
preference to keep rates low.
In Seoul, the Kospi surged 2.5% to 3,941.59, a fresh record, as gains on
Wall Street and news of the Trump-Xi summit lifted investor sentiment
and eased trade worries.
Australia's S&P/ASX 200 slipped nearly 0.2% to 9,019.00 after
preliminary data showed Australia’s factory activity contracted to 49.7
in October from 51.4 in September.
India's BSE Sensex fell more than 0.5%, while Taiwan's stock market was
closed for a holiday.
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A person stands in front of an electronic stock board showing
Japan's Nikkei index at a securities firm Thursday, Oct. 23, 2025,
in Tokyo. (AP Photo/Eugene Hoshiko)
 U.S. stocks rose to the cusp of
their records on Thursday, as oil prices jumped after President
Donald Trump announced “massive” new sanctions on Russia’s crude
industry.
On Wall Street on Thursday, the S&P 500 climbed 0.6%, just 0.2% shy
of its all-time high set earlier this month.
The Dow Jones Industrial Average added 0.3% and the Nasdaq composite
rose 0.9%.
Companies in the oil and gas business led the way, including gains
of 1.1% for Exxon Mobil, 3.1% for ConocoPhillips and 3.4% for
Diamondback Energy. They rose with prices for crude, which leaped
roughly 5.5% after Trump announced the sanctions against Russian oil
giants Rosneft and Lukoil.
The hope is to convince Russia’s president, Vladimir Putin, to end
the brutal war with Ukraine, and sanctions could constrict the
global flow of oil.
The jumps helped oil prices recover some of their sharp recent
losses, taken because of expectations for supplies of crude in
inventories to remain plentiful. Oil prices are still down more than
10% for the year so far, and early Friday, they slipped further.
U.S. benchmark crude lost 7 cents to $61.72 per barrel, while Brent
crude was down 10 cents at $65.89 per barrel.
In other dealings early Friday, the price of gold slipped 1.5% to
$4,085.10 an ounce. On Thursday it had climbed 2% to $4,145.60 per
ounce.
The U.S. dollar rose to 152.94 Japanese yen from 152.60. The euro
slid to $1.1608 from $1.1618.
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