Asian Stocks Up, China Falls 1% Pre‑Summit

Asian equities posted modest gains, led by technology and chip stocks, while Chinese indices slipped about 1% ahead of the Trump‑Xi summit.
Alibaba surged 5% after announcing increased AI spending over the next three years, offsetting its weak fourth‑quarter earnings.
South Korea’s KOSPI and Japan’s Nikkei each rose 0.2%, whereas Australia’s ASX 200 fell 0.1% amid Iran‑war inflation concerns.
Oil price pressures and recent U.S. inflation data kept markets cautious despite Wall Street’s record‑high close.