Investors are anticipating the upcoming summit between U.S. President Donald Trump and Chinese President Xi Jinping on May 14-15, which could potentially ease ongoing trade tensions between the two nations. Analysts express that while expectations for a concrete deal are low, any signs of improvement could positively influence Chinese equities, which have lagged behind their Asian counterparts. Current U.S. tariffs on Chinese goods stand at an effective rate of approximately 22%, which hampers trade visibility but may remain unchanged without further escalation. The meeting will also address tensions over technology exports, particularly in the semiconductor sector, with U.S. regulators halting shipments to Chinese firms like Hua Hong Semiconductor Ltd. Additionally, discussions are expected around rare earth shipments, as China controls over 70% of the global supply. There is also speculation that China may commit to purchasing more U.S. agricultural products, potentially benefiting local food producers. Overall, while the summit presents opportunities for stability, unresolved issues could lead to increased market volatility.