[MARKET UPDATE] Asia-Pac stocks take impetus from the mostly positive lead from Wall St, where markets gradually brushed aside the firmer-than-expected PPI data and rebounded amid strength in tech and comms, while all focus turns to the Trump-Xi summit

The positive performance of Asia-Pacific stocks reflects a strong follow-through from Wall Street, where traders largely discounted the firmer-than-expected PPI numbers. This indicates that despite inflationary pressures, investor sentiment remains buoyant, especially in tech and communications sectors. All eyes are now on the upcoming Trump-Xi summit, which could introduce further market volatility depending on the outcomes discussed.