Trump asked Xi if China wanted to buy American weapons, US envoy says

Why it matters

EWH (iShares MSCI Hong Kong ETF) · Why linked: A potential $14bn US arms package to Taiwan is directly tied to Taiwan exposure, and any delay or cancellation affects Taiwan-related instruments. Market context: Positive for Taiwan equities if the sale proceeds or if it signals US commitment to Taiwan's defense; negative if the package is delayed or canceled to appease Beijing.

FXI (China Large-Cap) · Why linked: Trump's outreach to Xi regarding Chinese purchases of American weapons has direct implications for US-China relations and Chinese equities. Market context: Could be modestly positive if it signals easing US-China tensions, but arms sales discussions could also escalate trade friction.

LMT (Lockheed Martin) · Why linked: As a major US defense contractor, Lockheed Martin is a primary candidate for any large-scale arms package to Taiwan. Market context: Beneficiary if the $14bn Taiwan arms package proceeds; pressure if it is delayed or scaled back.