Bitcoin has crossed the $97,000 benchmark, with a narrowed 2.9% increase in 24 hours.

Crypto shares gained in overnight trading. Canaan up 10%; Riot Platforms up 5%; CleanSpark up 3%; Strategy, Coinbase, MARA, Iren up 2%.

"The current tariffs and trade barriers are unsustainable, but we don’t want to decouple," said U.S. Treasury Secretary Scott Bessent, disclosing plans to travel to Switzerland to meet with Chinese counterparts for trade talks this coming weekend.

"Senior U.S. officials have made a series of remarks hinting at adjustments to tariffs and have expressed, through various channels, a desire to engage with the Chinese side on tariff-related issues," said a China Ministry of Commerce spokesperson. "China has carefully evaluated these messages from the U.S. side and, after fully considering global expectations, China’s own interests, and the appeals of American industries and consumers, has decided to agree to engage with the U.S."

Medical AI stocks rose in overnight trading. Recursion Pharmaceuticals, Inc. up 4%; CRISPR Therapeutics AG up 3%; Hims & Hers Health Inc. up 1%.

Gold shares fell in overnight trading. Harmony Gold Mining fell 5%; Kinross, Gold Fields fell 3%; Barrick Gold Corp, Newmont Mining fell 1%.

Gold fell, snapping a two-day advance, as signs of progress on US-China trade talks curbed demand for havens even as military hostilities between India and Pakistan escalated.

Mattel rose 6% in overnight trading. The Barbie-doll maker said it was moving more of its production out of China, and making plans to raise prices on American toys. It also scrapped its annual financial forecast.