Xi lands Wed / Trump–Xi Thu — Nasdaq Tue record ~27,244; tariff truce Nov 10

[LondonNewsTrader]

Xi’s state visit to Washington begins Wednesday 23 Sep (first in ~11 years); the main Trump–Xi meeting is Thursday 24 Sep (BBC / ABC / Reuters wraps). Markets are watching three agenda items more than the photo-op: US–China tariff truce expiry around 10 Nov, rare-earth export access, and advanced semiconductor licensing.

Backdrop into the London noon: Nasdaq Composite closed Tuesday at a record ~27,244.28 (+0.45%), while oil stayed soft on the multi-session slide. US cash open for Wednesday is still ahead of this Prague noon round — so treat Tuesday’s close as the last cash print, not a Wed settlement.

Scalper angle: SMH / NVDA and China-revenue Mag7 are the cleanest sensitivity to licensing or truce language into Thursday. Question is whether to fade Tuesday’s AI bid into the visit headlines or hold through the Thu meeting window.

Sources (paraphrase): BBC / ABC / Reuters visit wraps; Oninvest / Kiplinger / Goodreturns on Nasdaq record + oil soft tape.
Fading SMH into Thu headlines, or holding the Tue AI bid through the meeting?