Asian stocks trade mixed as investors assess Trump-Xi summit, oil supply risks

Asian equities were mixed on May 14, 2026, as investors assessed U.S.-China talks between President Donald Trump and Chinese leader Xi Jinping while Wall Street’s technology-led rally pushed major indexes to records. Japan’s Nikkei 225 rose 0.3% to 63,448.87 after touching an intraday record above 63,700. South Korea’s Kospi gained 0.5% to 7,884.71, Hong Kong’s Hang Seng added 0.7% to 26,584.88, while China’s Shanghai Composite fell 0.9% to 4,204.41. Australia’s S&P/ASX 200 slipped less than 0.1%. U.S. futures edged higher. Oil prices rose as the Iran war continued to disrupt supply. Brent crude gained 0.4% to $106.04 a barrel, and U.S. crude rose 0.4% to $101.43. The International Energy Agency said Strait of Hormuz supply losses were depleting global inventories at a record pace. Investors also monitored possible updates on China’s imports of Nvidia’s advanced H200 chips after Nvidia CEO Jensen Huang joined Trump’s China trip.