Pakistan, May 15 -- Global stock markets rose and oil prices edged lower after a high-level meeting between US President Donald Trump and Chinese President Xi Jinping, as investors reacted cautiously to hopes of easing trade tensions between the world's two largest economies.

Markets responded positively on the first day of the summit, with optimism that renewed dialogue between Washington and Beijing could help reduce economic uncertainty and stabilise global trade flows.

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In energy markets, benchmark Brent crude fell by 0.40 percent to $105.21 per barrel, while US West Texas Intermediate (WTI) crude slipped 0.07 percent to $100.95 per barrel. Analysts said the decline ...