Markets Slip After Trump-Xi Summit; Yen Weakens

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.