Wall Street's main indexes have ended sharply higher, led by gains in Broadcom and other chipmakers, after President Donald Trump struck a conciliatory tone about renewed US-China trade tensions, easing investor worries.

Lifting sentiment, US Treasury Secretary Scott Bessent said in an interview with Fox Business Network that Trump was on track to meet his Chinese counterpart in South Korea as the two sides work on de-escalating trade frictions that grew late last week.

AI-related tech stocks were the biggest winners in Monday's rebound. Broadcom surged almost 10 per cent after partnering with OpenAI to produce the startup's first in-house artificial intelligence processors.

The Nasdaq notched its biggest one-day gain since May 27.

"AI continues to be the momentum driver, and it's not

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