Asia-Pacific leaders wrapped the APEC summit with a pledge for shared trade benefits and joint action on AI and demographics as China’s President Xi Jinping and South Korea’s Lee Jae-myung met in a show of regional unity. Oil prices held firm amid calming US rhetoric on Venezuela and ongoing concerns over supply, helping energy stocks stay resilient. Meanwhile the US and Australia advanced a multibillion-dollar minerals deal aimed at reducing China’s dominance in critical-material supply chains and signalling a broader industrial realignment.

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