Asian Markets Slightly Higher, Alibaba +5%

Asian equities posted modest gains on tech strength, while Chinese indices slipped 0.7‑0.8% ahead of the Trump‑Xi summit.
Alibaba shares surged 5% after announcing increased AI spending over the next three years, offsetting its weak Q4 earnings.
S&P 500 futures rose 0.1% in Asian trade; Japan’s Nikkei and Korea’s KOSPI each gained about 0.2%.
Australia’s ASX 200 fell 0.1% for a fifth session amid Iran‑war inflation concerns, while oil prices stayed elevated.