Group 1: Asian Markets and AI Optimism - Asian stock markets surged, reaching new highs driven by optimism surrounding artificial intelligence (AI) technology, following record highs on Wall Street for the S&P 500 and Nasdaq [2][3] - The tech sector's earnings growth estimates climbed to 20.9% for the upcoming reporting season, up from 15.9% in June, with 81% of tech stocks, including Nvidia and Apple, showing increased estimates [2] Group 2: Japan and Taiwan Market Performance - Japan's Nikkei index rose by 1.5% to 1.14%, approaching all-time highs, while Taiwan's stock market climbed 1.2% to a new record [3] - MSCI's broadest index of Asia-Pacific shares outside Japan increased between 0.16% and 0.3% [3] Group 3: China Market Reaction to Trump-Xi Deal - Despite positive remarks from U.S. President Trump regarding trade negotiations with China, the Chinese market reacted cautiously, with the Shanghai Composite Index falling by 0.73% and the Shenzhen Component losing 1.16% [4][5] - The AI sector index in China decreased nearly 2%, as investors locked in profits and expressed caution about the deal's long-term durability [5] Group 4: Gold Market Stability - Gold prices stabilized around $3,980 per ounce after a volatile session, following a Federal Reserve interest rate cut to a range of 3.75%-4.00% [6][7] - The U.S. dollar remained firm, contributing to gold's stability, as lower interest rates typically enhance gold's appeal, but fading prospects for additional rate cuts limited its upside potential [7]