On Thursday, Asian stocks experienced a notable rise, with the MSCI's broadest index of Asia-Pacific shares outside Japan climbing 1.2%. South Korea's SK Hynix is on the brink of joining the trillion-dollar market cap club, having seen its stock increase by over 200% this year. Investors are focused on the upcoming summit between US President Donald Trump and China's Xi Jinping, where discussions will revolve around economic agreements and geopolitical tensions, particularly concerning the Middle East and arms sales to Taiwan. Michael Strobaek, global chief investment officer at Lombard Odier, suggests that the meeting may only aim to preserve the status quo amid low expectations for significant breakthroughs. Despite the positive stock movement, analysts caution that elevated oil prices and ongoing geopolitical issues could reignite inflation concerns. Brent crude futures remained steady at $105.76 per barrel, while US West Texas Intermediate futures traded at $101.14. In currency markets, the US dollar strengthened following recent inflation data, with expectations of a potential Federal Reserve interest rate hike in the first half of next year.