Trump and Chinese President Xi Jinping face a vast agenda at their meeting in Seoul, starting with the trade war over tariffs and high-tech exports.

Stocks are climbing toward more records on Monday ahead of a week packed with potentially market-moving events for Wall Street.

China’s top trade negotiator, Li Chenggang, told reporters that the two sides had reached a “preliminary consensus,” while Trump’s treasury secretary, Scott Bessent, said there was “a very successful...