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Trump and Xi meet at the White House: What traders should watch

President Donald Trump is hosting Chinese President Xi Jinping at the White House during Xi’s three-day U.S. state visit. The leaders are expected to discuss trade, technology, Taiwan and the war with Iran. No outcome from today’s talks should be assumed yet. Trade starts from a better position than

Why it matters

FXI (China Large-Cap) · Why linked: A Trump-Xi summit on trade, tech, and Taiwan directly affects China-exposed equities. Market context: Outcomes on tariffs, tech restrictions, or Taiwan could move China-linked stocks significantly.

KWEB (KraneShares China Internet) · Why linked: Technology discussions and possible chip/AI export curbs make Chinese tech a direct trade. Market context: Any new tech export limits would weigh on Chinese internet/tech shares.

SPY (SPDR S&P 500 ETF) · Why linked: Broad U.S. equity sentiment reacts to U.S.-China diplomatic and trade developments. Market context: A constructive meeting could support the index, while a hostile tone would pressure it.

TSM (TSMC) · Why linked: Taiwan is on the agenda and TSMC is central to chip supply-chain discussions. Market context: Outcomes on chip export controls or Taiwan security would directly affect the stock.

How FXI, KWEB, SPY usually react

This story is too recent for its own reaction record — we score each asset against the actual price move 24h after publication. These are the long-run figures across every event we have tracked for them.

AssetEventsAvg max moveClosed lower
FXI4+0.87%100%
KWEB3+2.25%67%
SPY13+0.75%69%

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How the reaction data is measured · Editorial policy