Japanese and South Korean stock markets hit record highs; copper and soybeans rose, gold fell.

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During U.S. President Trump's trip to Asia, the country reached trade agreements with multiple Southeast Asian countries.

The easing of trade tensions injected optimism into Asian markets, with risk assets rebounding. Asian stock indices broadly rose, with the Nikkei 225 index surpassing 50,000 points for the first time in history. South Korea's Seoul Composite Index surpassed 4,000 points for the first time ever. Samsung Electronics shares rose over 2% to a record high.

In commodities, Chicago soybean prices rose 1%, U.S. copper futures rose over 2%. WTI crude oil increased 0.6%, while spot gold fell 1.1%. In currency markets, the Australian dollar rose 0.3% against the U.S. dollar, and the offshore RMB rose 0.1% against the U.S. dollar.

According to People's Daily, on October 25-26 local time, China and the United States held a new round of economic and trade consultations in Kuala Lumpur, Malaysia. The topics of this round of consultations were broad, involving the U.S. 301 measures on China's maritime logistics and shipbuilding industries, extension of reciprocal tariff suspension, fentanyl tariffs and law enforcement cooperation, agricultural product trade, export controls, and more—these are all major economic issues of mutual concern and also affect the stability of global supply chains. Both sides agreed to further determine specific details and carry out respective domestic approval procedures.

The main asset moves are as follows:

Australia's S&P/ASX 200 index rose 0.5%.The Australian dollar rose 0.3% against the U.S. dollar to $0.6535. The yen fell 0.1% to 153.05 against the dollar.Bitcoin rose 1.1% to $114,622. Ether rose 2.6% to $4,169.84.Spot gold fell 1.1% to $4,066.25 per ounce.

Market Catalyst: Easing Trade Tensions

Despite upbeat market sentiment, some analysts remain cautious. Sean Keane, Chief Asia Pacific Strategist at JB Drax Honore Singapore Pte Ltd, wrote in a client report: “This appears more like a de-escalation than the dawn of a new era.”

Ulrich Urbahn, Head of Multi-Asset Strategy and Research at Bloomberg, said: “These developments create conditions for greater market volatility, as investors need to weigh central bank policy shifts, the easing of geopolitical trade tensions, and signals from corporate earnings—all of which will affect market direction before the end of the year.”

Next Focus: Central Bank Rate Decisions & ‘Magnificent Seven’ Earnings

Beyond the trade news, markets will face multiple tests this week. The U.S. Federal Reserve, the European Central Bank, and the Bank of Japan will successively announce rate decisions. The market generally expects the Fed to cut rates by 25 basis points, while the ECB and BOJ are expected to hold rates steady.

In addition, major technology companies such as Apple and Microsoft will release earnings, and their results will serve as key indicators of corporate health and economic resilience.

Michael Brown, Senior Research Strategist at Pepperstone Group Ltd., said in a report: “This week will test the three pillars supporting the stock market bull run—easing trade tensions, solid earnings, and a dovish policy backdrop.” He believes, “If we can get through this, the market will likely continue higher along the path of least resistance and potentially set new highs before year-end.”

Risk Disclaimer and Exemption ClauseMarkets are risky, and investment should be done cautiously. This article does not constitute personal investment advice, nor does it take into account individual users’ specific investment objectives, financial situations, or needs. Users should consider whether any opinions, points of view, or conclusions in this article are suitable for their particular circumstances. Investments made based on this article are at one's own risk. ```