The US President Donald Trump and his Chinese counterpart Xi Jinping are set to meet on October 30 in South Korea, where a trade deal could be reached. Asian markets have been pretty positive and so are Wall Street stocks. This is after top trade negotiators of the US and China concluded their two-day trade talks in Kuala Lumpur, the fifth round of such talks this year, with both sides signaling a détente for the latest tensions.

Nomura said the results are pretty much in line with what it described two weeks ago, saying both sides, after testing the other’s boundaries, would eventually make concessions. At that time, the foreign brokerage had anticipated a decent chance of a Xi-Trump in-person meeting during the APEC summit in South Korea at end October. But the brokerage warned that no

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