Shares in Asia mostly retreat despite Trump's trade truce with Xi Updated 12 mins ago Asian shares have mostly retreated and U.S. futures advanced after U.S. stocks fell back following President Donald Trump's meeting with China’s leader, Xi Jinping. Despite their agreement to extend a truce in their trade war, Chinese markets were lower, reflecting persisting concerns over tensions between the world's two largest economies. China reported that its factory activity contracted in October, while inflation in Japan crept higher. On Thursday, the S&P 500 fell 1% and the Dow Jones Industrial Average slipped 0.2%. The Nasdaq composite dropped 1.6% from its record set the day before. Meta Platforms and Microsoft sank, while Alphabet climbed following its profit report.

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