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.
U.S. President Donald Trump said his patience with Iran was running out after he discussed the war with Chinese Pr...
Every year on 15 May, Palestinians across the Middle East mark Nakba Day - a commemoration of the mass displacement that accompanied the creation o...
China stocks wavered in morning tr...
Japanese filmmaker Koji Fukada has said that the use of artificial intelligence (AI) to “jump straight to...
The second semi-final of the 70th Eurovision Song Contest 2026 takes place tonight in a rain-soaked Vienna, wit...
U.S. President Donald Trump said his patience with Iran was running out after he discussed the war with Chinese President Xi Jinping on Thursday and a ship was reported seized by Iranian personnel off the United Arab Emirates.
U.S. President Donald Trump and China's Xi Jinping are set to meet on Friday (15 May) to wrap up a two-day state visit that has featured pomp and business deals but also a warning from Xi that mishandling the Taiwan issue could send relations spiraling.
The U.S.-Israeli war with Iran loomed over U.S. President Donald Trump's visit to China, as signs emerged that the conflict is causing a shift in alliances across the Middle East.
Foreign ministers from the expanded BRICS bloc gathered in New Delhi on Thursday (14 May) for a crucial two-day meeting overshadowed by the ongoing Iran war, internal tensions within the grouping and mounting fears over global energy supplies.
The U.S.-Israeli war with Iran loomed over U.S. President Donald Trump's visit to China, as signs emerged that the conflict is causing a shift in alliances across the Middle East.
The Iranian President Masoud Pezeshkian has instructed his first deputy to fulfill the public’s expectations regarding the access to the Internet services and platforms amid a wartime shut-down of international connection since late February.
Just one week after a similar move by Australia, Greece announced that it will ban access to social media for children under the age of 15 from January 1, 2027, as governments around the world weigh tougher rules amid growing concerns over mental health, safety and screen addiction.
U.S. President Donald Trump said he does not think he will need China's help to end the war with Iran as he left for a high-stakes summit in Beijing on Tuesday, as hopes for a lasting peace deal dwindled and Tehran tightened its grip over the Strait of Hormuz.
U.S. President Donald Trump and Chinese President Xi Jinping will meet in Beijing on 14–15 May 2026 for a high-stakes summit aimed at managing rising tensions over trade, technology, Taiwan and the Iran conflict.
Deep in the ancient forests of southern China, researchers have discovered a small, shy snake with an extraordinary survival trick: when threatened, it creates the illusion that it has two heads.
The second semi-final of the 70th Eurovision Song Contest 2026 takes place tonight in a rain-soaked Vienna, with the final 10 places in Saturday’s grand final still up for grabs.
Russia has carried out its most extensive aerial attack over a two-day period since the start of its full-scale invasion, striking Kyiv and other Ukrainian cities with hundreds of drones, Ukrainian officials said.
U.S. President Donald Trump and China's Xi Jinping are set to meet on Friday (15 May) to wrap up a two-day state visit that has featured pomp and business deals but also a warning from Xi that mishandling the Taiwan issue could send relations spiraling.
Turkish President Recep Tayyip Erdoğan and Kazakh President Kassym-Jomart Tokayev have pledged to deepen bilateral ties across energy, trade, transport, defence, and technology following high-level talks in Astana.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment