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Markets Slip After Trump-Xi Summit; Yen Weakens

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Markets lost steam after Presidents Donald Trump and Xi Jinping ended a summit aimed at easing trade tensions. US equity-index futures erased gains, leaving S&P 500 contracts flat, while Asian shares slipped 0.1%. The yen weakened. Sentiment cooled further after Fed Chair Jerome Powell cautioned that a December rate cut isn’t assured. Tech stayed in focus as Samsung’s earnings topped estimates and megacap US companies boosted bets on AI.

Prepared by Christopher Adams and reviewed by editorial team.

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