China stocks wavered in morning trade on Friday, with investors cautious heading into the last day of a high-stakes summit between U.S. and China's President, which has delivered a few deals so far.
China’s blue-chip and the Shanghai Composite rose slightly after dipping more than 0.5% respectively in morning trade, easing further away from their recent peaks. Hong Kong’s benchmark fell more than 1%.
The two leaders are scheduled to have tea and lunch on Friday before Trump flies back to the United States.
Traders are closely watching for any positive signals from the meeting, including a potential easing of tariffs.
Trump told Fox News Channel that China has agreed to buy 200 Boeing jets, a number that was far fewer than analysts had expected.
Aviation stocks led the decline in morning trade, down more than 2%.
Chip stocks, meanwhile surged 8% after China's Semiconductor Manufacturing International Corporation (SMIC) says foreign clients shifting orders back to China.
It was undecided whether the trade truce will be extended after it expires later this year, U.S. Trade Representative Jamieson Greer told Bloomberg TV on Friday.
Xi told Trump on Thursday that negotiations on trade issues had reached "balanced and positive outcomes", without elaborating.
"I think we were optimistically looking at the meeting and maybe half expecting some huge trade agreement to be proposed or announced and from that view, it has disappointed," said Nick Twidale, Chief Market analyst at ATFX Global.
During a state banquet on Thursday, Trump invited President Xi to the White House for a visit on 24 September.
It was more about resuming and promoting high-level communication, reducing near-term uncertainty, and setting clearer boundaries for competition, he added.
China's yuan maintained its strength as the Trump-Xi meeting was underway. The currency hit a three-year high against the dollar in the previous session.
The yuan retreated slightly after the People's Bank of China set the midpoint rate at 6.8415 per dollar, 439 pips weaker than a Reuters' estimate.
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Leaders of countries from the Commonwealth of Independent States (CIS) have agreed to hold coordinated population censuses around 2030. They took the decision at the CIS Council of Heads of State meeting in Awaza, Turkmenistan on Friday, media reported.
Britain and Israel have reached a temporary compromise over the future of the British Consulate General in East Jerusalem, easing a diplomatic dispute that had threatened to further strain relations between the two countries.
South African judge Navanethem “Navi” Pillay won the Nobel Peace Prize on Friday “for her efforts to promote peace and international law,” the Norwegian Nobel Committee said.
The Nobel Peace Prize 2026 will be announced on Friday, 9 October, bringing one of the world's most closely watched awards back into focus.
The U.S. has imposed sanctions on the International Criminal Court (ICC) on Friday (9 October) escalating tensions with European allies and potentially targeting companies that provide services to the tribunal. The move came hours after former ICC judge Navi Pillay won the Nobel Peace Prize.
Ukrainian President Volodymyr Zelenskyy has criticised U.S. President Donald Trump’s decision to ease sanctions on Russian diesel exports, questioning why Moscow was granted an economic benefit without an apparent concession towards ending the war in Ukraine.
Russian President Vladimir Putin expressed surprise after Donald Trump mediated the Armenia-Azerbaijan peace agreement in 2025, the U.S. President said at a rally in New York state on Friday.
The United Nations has condemned a sharp rise in attacks on civilians in Ukraine, reporting that more than 100 people were killed and at least 429 injured in a single week as Russian strikes hit residential areas, passenger buses and critical infrastructure.
Air quality in Singapore plunged to “very unhealthy” levels on Friday, 9 October, as thick haze engulfed the city-state ahead of Sunday's Formula One Grand Prix, while Max Verstappen claimed pole position for Saturday's Sprint race.
Ukrainian drone strikes have hit two Yandex data centres in Russia on consecutive days, disrupting digital services as Kyiv intensifies attacks on Russia's digital infrastructure.
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