Big tech stocks jumped in premarket trading. AMD, Micron up 3%; Nvidia, Broadcom, Oracle, Palantir, TSMC, Alphabet up 2%; Tesla, Apple up 1%.

Chinese ADRs jumped in premarket trading. Baidu up 5%; YINN up 3%; Alibaba, JD, PDD, NIO up 2%.

Signs of thawing U.S.-China tensions boosted markets Monday, with Asia indexes and U.S. futures gaining, and sentiment lifted by progress on regional trade deals during President Trump’s Asia visit.

Top U.S. and Chinese trade negotiators struck a positive note during talks over the weekend, fueling hopes for de-escalation ahead of a meeting between Trump and Chinese leader Xi Jinping.

「I think we have a very successful framework for the leaders to discuss on Thursday,」 U.S. Treasury Secretary Scott Bessent said Sunday after negotiations in Kuala Lumpur, Malaysia.

A recent flare-up in frictions between Beijing and Washington had resurfaced concerns about more trade-driven volatility, but by Sunday global markets were 「visibly relaxing,」 CGS International analysts said.

「The sense isn’t just that ‘things will be discussed.’ It’s that clarity is emerging on policy direction, trade flows, and growth signaling,」 Billy Toh Kian Hin said in a note.

Bessent told ABC news he thinks the additional 100% tariff Trump had threatened on China over rare-earth export curbs is likely off the table.

Optimism around a U.S.-China trade-deal framework has brightened sentiment across equities markets, said Charu Chanana, chief investment strategist at Saxo Markets.