[WATCH LIVE] US President Trump greets Chinese President Xi; remarks expected to be delivered at 15:15 BST / 10:15 EDT

A live Trump-Xi greeting is choreography, not news in itself; the event matters because in past summit episodes the headline greeting has preceded either a substantive readout or a stage-managed silence, and markets have historically priced the direction of the relationship off the tone of the optics before any text lands. The asset pattern in comparable US-China leader meetings has been consistent: constructive framing lifts China-sensitive risk (Asia equity, the antipodeans, industrial commodities) and softens the dollar against trade-exposed currencies, while any sign of friction runs the other way and into the yen and gold. The scheduled remarks slot is the real event; the greeting is the overture, and desks will be parsing body language and whether a readout or joint statement follows, since previous rounds have shown the gap between warm optics and the actual communiqué is where the repricing happens. Worth watching is whether any deliverables are flagged (tariff truce, export controls, rare earths, Taiwan language) and whether either side names working-level follow-ups, as that is what converts a photo opportunity into a tradable path. Until text exists, the signal is directional only and thin-liquidity headline risk dominates.