S&P 500 futures up by more than 1% in Asian trading today

Xi takes the high road, and the equities market is liking it.

As Eamonn pointed out here, risk trades are liking what they have seen/heard from Xi's speech. Xi didn't offer too much specifics, but his calm demeanour is what the market is mainly focusing on as he struck a more conciliatory tone with regards to trade/global order.