Stock Market News·2025-10-30 03:08Group 1: U.S.-China Relations - Trade teams from the U.S. and China have reached a "basic consensus" on addressing key concerns following a meeting between Chinese President Xi Jinping and former U.S. President Donald Trump [2][8] - Both leaders expressed a desire to stabilize bilateral relations amidst ongoing trade frictions, with Xi emphasizing the importance of being "partners and friends" [2][3] Group 2: Corporate News - Piper Sandler upgraded Alphabet (GOOGL) shares, raising its price target to $330, indicating analyst confidence in the company's future performance [3][8] - Conversely, Piper Sandler revised its price target for Meta (META) downwards to $840 from $880, reflecting a more cautious outlook [3][8] Group 3: Market Reactions - The Bank of Japan's recent policy decision led to a significant spike in Dollar/Yen volatility, reaching a 4½-month high of 16.45%, indicating increased uncertainty in currency markets [4][8] - South Korean stocks gained following the completion of a U.S. trade deal, while iron ore prices rose due to optimism surrounding a potential U.S.-China trade agreement, although profit-taking tempered the rally [5][8]