Asian Markets Surge on Chips, US‑China Summit

Asian equities rallied, with South Korea's KOSPI up nearly 5% to a record high, driven by strong chipmaker gains.
Chinese CSI 300 and Shanghai Composite rose 1.2% and 0.7% after Beijing confirmed a May 13‑15 summit between Xi and Trump.
US S&P 500 futures slipped 0.1% and investors await Tuesday's US CPI data amid rising oil prices from Middle East tensions.
Japan's Nikkei fell 0.4% after Nintendo's 9% earnings miss, while Australia's ASX 200 dropped 0.7% on CSL's guidance cut.