Global markets have exhibited significant fluctuations following the recent meeting between U.S. President Trump and Chinese leader Xi Jinping, which aimed to alleviate ongoing trade tensions. While stocks initially surged on hopes of a trade deal, analysts warn that the optimism may be fragile as geopolitical uncertainties linger. Asian stocks, including Chinese and Hong Kong shares, experienced notable declines despite the announcement of tariff cuts and potential agreements on rare earth materials, soybeans, and fentanyl. Meanwhile, U.S. markets have shown resilience, with the Dow and S&P 500 reaching record highs as investors remain hopeful about a robust trade truce. However, mixed signals from earnings reports and global economic conditions suggest that the path forward remains uncertain.