Asian stocks rose as investors reacted to U.S.-Russia talks on Ukraine and awaited clues from Fed Chair Powell’s speech. The summit between Trump and Putin yielded no agreements but Russia offered security guarantees for Ukraine. UK, France, Germany, and Ukraine’s president will meet with Trump for negotiations. Shanghai Composite hit a 10-year high on hopes of a resolution to the conflict. Hong Kong’s Hang Seng fell, Japanese markets hit a record high. Fast Retailing and Advantest rose, while Seoul stocks fell on tariff uncertainties. Australian markets saw modest gains, with gold prices climbing and oil prices stable. U.S. stocks ended mostly lower on Friday.

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