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Global markets rallied as US stocks hit new highs amid expectations of Federal Reserve rate cuts. Investors focus on economic data, including inflation and jobs, with US markets reacting to signs of a slowing labor market and easing inflation. Asian markets also gained, influenced by US policy outlooks.
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President Trump will meet Chinese President Xi Jinping in Busan during the Apec summit, amid tense US-China relations over trade, fentanyl, and regional stability. The meeting aims to address key issues including trade disputes and border conflicts, with low expectations for significant breakthroughs.
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U.S. President Donald Trump is exploring the possibility of a summit with North Korean leader Kim Jong Un during his upcoming Asia trip. While no formal plans are confirmed, regional tensions and diplomatic signals suggest a potential meeting, amid North Korea's strengthened alliances and nuclear posture.
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On November 7, 2025, North Korea launched a short-range ballistic missile into the sea off its east coast, following new U.S. sanctions targeting North Korean cybercrime-linked entities. The missile launch coincided with U.S. Defense Secretary Pete Hegseth's visit to South Korea and joint military drills. Pyongyang warned of more offensive actions against perceived threats, while Washington assessed no immediate danger to U.S. or allied territories.
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President Trump is in South Korea for the APEC summit, where he expects to meet Xi Jinping to de-escalate trade tensions. Talks focus on tariffs, export controls, and US-China relations amid ongoing disputes over trade practices, rare earths, and technology restrictions. The outcome remains uncertain but signals a potential easing of tensions.
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President Trump and Chinese leader Xi Jinping are set to meet in South Korea amid ongoing trade tensions, tariffs, and export restrictions. Both sides signal a tentative easing, with hopes for a short-term détente that could influence global markets and regional diplomacy. The meeting follows recent signals of cooperation and mutual interest.
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Recent diplomatic efforts have led to a temporary easing of trade tensions between the US and China, with preliminary agreements and high-level meetings in Asia. Leaders from South Korea, Japan, and Southeast Asia also made progress, boosting regional markets and optimism for future cooperation amid slowing regional growth forecasts.
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President Trump and Xi Jinping held their first face-to-face talks since 2019 in Busan, South Korea, focusing on trade, tariffs, and strategic issues. Both leaders discussed upcoming summits, potential visits, and areas of cooperation, signaling a possible shift toward a more constructive relationship amid ongoing tensions.
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Japan's new prime minister, Takaichi, and South Korea's Lee met at the Apec summit, emphasizing future cooperation despite historical tensions. Both leaders avoided contentious issues, focusing on economic and security ties amid regional challenges and US involvement. The relationship remains pragmatic but cautious.
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Canadian Prime Minister Mark Carney and Chinese President Xi Jinping met during the APEC summit, signaling a potential thaw in relations after years of tension. Both leaders discussed trade, energy, and cooperation, with Carney accepting an invitation to visit China. The meeting marks a shift towards pragmatic engagement amid ongoing disputes and tariffs.
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Japan's Prime Minister Takaichi revealed she sleeps only two to four hours nightly, sparking domestic concern amid Japan's long work-hour culture. Her late-night 3 a.m. staff meeting drew criticism. Meanwhile, her meetings with Taiwan's adviser have provoked strong protests from China, complicating regional diplomacy following her recent summit talks with Chinese President Xi Jinping.
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During a summit in Gyeongju, Chinese President Xi Jinping and South Korean President Lee Jae Myung exchanged jokes about the security of Xiaomi smartphones gifted to Lee. Xi's comment about checking for backdoors drew laughter, highlighting a moment of levity amid diplomatic talks. The phones may be used by Lee in future communications.
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The U.S. and South Korea are deepening military cooperation amid North Korean missile tests. The U.S. aims to modernize South Korea's military and increase regional stability, with South Korea pledging an 8.2% defense budget rise. The focus remains on deterring North Korea and managing regional threats.
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At the Asia-Pacific Economic Cooperation summit in Gyeongju, South Korea, US President Donald Trump and Chinese President Xi Jinping agreed to de-escalate their trade war, scaling back tariffs and securing supply chains. South Korean President Lee Jae Myung met Xi to discuss denuclearization and economic ties amid Seoul's balancing act between Washington and Beijing.
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The FBI director, Christopher Patel, visited Beijing to negotiate China's commitment to control fentanyl precursor chemicals, marking the first such visit in over a decade. The trip coincides with ongoing US-China talks on tariffs, trade, and drug enforcement, amid scrutiny over his frequent use of government jets.
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Australian Prime Minister Anthony Albanese announced a new bilateral security treaty with Indonesia during President Prabowo's first state visit. The agreement commits both nations to regular security consultations and joint measures to address regional threats, building on previous accords and reflecting shared concerns over China's regional influence.