South Korea’s benchmark Kospi erased earlier gains and fell 1.35% on Friday after briefly touching a record high above 8,000, as broader Asia-Pacific markets traded lower amid investor caution over ongoing U.S.-China talks. Traders closely monitored the second day of high-level discussions between U.S. President Donald Trump and Chinese President Xi Jinping in Beijing, with markets watching for signs of easing trade and technology tensions.
South Korea’s small-cap Kosdaq dropped 2%, while Japan’s Nikkei 225 lost 0.9% and the Topix ended flat. Australia’s S&P/ASX 200 slipped 0.25%, Hong Kong’s Hang Seng declined 0.39%, and China’s CSI 300 was little changed.
The Kospi had surged past 7,000 earlier this month after Samsung Electronics crossed the $1 trillion market capitalization mark. However, investors remain concerned about growing concentration risks in AI-related stocks, with Samsung Electronics and SK Hynix accounting for over 42% of the index in May.
Samsung shares fell 1% after its labor union announced plans to resume wage negotiations in June. Meanwhile, Xi warned that mishandling the Taiwan issue could seriously damage U.S.-China relations.
In the U.S., stock futures were mostly flat after Wall Street hit fresh record highs overnight.
The post Friday 15th May 2026: Asian Markets Slip as Trump-Xi Talks Weigh on Investor Sentimentv first appeared on IC Your Trading Edge | Official Blog.
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