Asian shares are mostly higher after the White House confirmed plans for President Donald Trump to meet with Chinese leader Xi Jinping next week

US President Donald Trump is aiming for a quick win in a pivotal Thursday meeting with Chinese counterpart Xi Jinping, even if the outcome falls short of the sweeping deal he’s teased on issues at the heart of the rivalry between the world’s two largest economies.

US President Donald Trump will meet his Chinese counterpart Xi Jinping in South Korea on 30 October on the sidelines of a summit in Asia, the White House has confirmed. The meeting between Xi and Trump has been in the works for weeks but was called into question as tensions between the world's two largest economies continued to rise.

Trade talks between U.S. and Chinese officials began earlier this morning in Kuala Lumpur, Malaysia. President Trump is traveling to the city as part of a five-day visit to Asia, where he is set to meet with Chinese president Xi Jinping on Thursday.

U.S. President Donald Trump will test his deal-making prowess in a region battered by his hardball trade policies on a trip to Asia next week, as doubts hang over his highly anticipated meeting with China's Xi Jinping.

Wall Street rose to records after an update said U.S. households are feeling a bit less pain from inflation than feared. The S&P 500 climbed 0.8% Friday and topped its prior all-time high set earlier this month.

The White House says Presidents Trump and Xi will meet on Thursday in South Korea to talk trade. That's less than 48 hours before new 100% U.S. tariffs on Chinese goods are set to kick in, as Elena Casas explains.