<h1>US-China trade signals and Big Tech capital plans spark market divergence, disclosure and Rule 10b-5 litigation risk</h1> U.S.-China trade developments and corporate disclosures drove mixed Asian market moves, with major indexes diverging after a high-profile leader-level meeting signaled potential tariff cuts but left substantive tensions unresolved; Chinese factory activity contracted, weighing on mainland and Hong Kong markets while Japan and other regional bourses rose. Investor reactions to Big Tech earnings-marked increases in planned capital spending and uneven growth-triggered significant stock volatility, raising disclosure and fiduciary risk concerns for large index constituents. Potential legal implications include regulatory scrutiny of trade measures, material-adverse disclosure claims, and heightened securities litigation risk tied to forward-looking investment statements.