Chinese and Hong Kong stock markets opened the week on a positive note, buoyed by gains in rare-earth and technology sectors, as investor focus shifted to high-stakes US-China trade negotiations set to begin in London.
China's major indices saw modest gains by midday on Monday, with the blue-chip CSI300 and the Shanghai Composite Index both rising 0.2%. Hong Kong’s Hang Seng Index climbed over 1%, surpassing the 24,000 mark for the first time since March 21.
Market sentiment remained cautiously optimistic ahead of a crucial round of U.S.-China trade talks. Senior officials, including U.S. Treasury Secretary Scott Bessent and China’s Vice Premier He Lifeng, are meeting in London to address escalating trade tensions. The meeting follows a direct phone call between President Donald Trump and President Xi Jinping, their first conversation since renewed friction emerged after the Geneva accord.
“The tone from Trump suggests potential for progress,” analysts at China Securities noted, adding that any breakthrough could provide a lift to global markets.
Leading Monday's gains was China’s strategically vital rare-earth sector, up 1.6%, as it is expected to be a central topic in the negotiations. Technology stocks also saw strong momentum in Hong Kong, with the Hang Seng Tech Index surging 2.3% to reach its highest level in nearly three weeks.
Meanwhile, the yuan traded flat, last seen at 7.1872 per dollar.
Despite today’s uptick, Chinese equities have largely moved sideways since April 2, when Trump introduced sweeping tariffs in a move that reignited global trade concerns. The CSI300 has shown minimal change since then, while the Hang Seng Index has gained about 3%, still trailing behind the recovery seen in other major global markets.
On the economic front, China’s consumer prices declined for a fourth consecutive month in May, and producer deflation deepened—highlighting ongoing challenges from trade disputes and a stagnant property sector.
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The global recall of Airbus A320 aircraft has triggered widespread disruption across several major airlines, forcing flight cancellations in the United States, Japan, Australia and New Zealand.
U.S. investigators have recovered the black box recorders from the wreckage of a UPS cargo plane that crashed in flames on takeoff in Louisville, Kentucky. At least twelve people died. The crash sent a wall of fire into an industrial corridor and forced the shutdown of the airport.
Pope Leo visited Istanbul’s Blue Mosque on Saturday, stepping inside one of the most iconic sites of the Muslim world. He removed his shoes at the entrance in a gesture of respect. He did not appear to pray.
Russian drones and missiles struck several districts of Kyiv early on Saturday, killing one person and injuring more than a dozen. Fires swept through residential blocks as debris rained over the city.
At least 47 people have died and another 21 are reported missing following ten days of heavy rainfall, floods, and landslides across Sri Lanka, local media reported on Thursday (27 November).
Hong Kong fire authorities said they expected to wrap up search and rescue operations on Friday after the city's worst fire in nearly 80 years tore through a massive apartment complex, killing at least 128 people, injuring 79 and leaving around 200 still missing.
Netflix crashed on Wednesday for about an hour in the U.S. as it launched season five of "Stranger Things", with the service becoming inaccessible to many subscribers within minutes of the episodes going live at 8 p.m. local time.
U.S. Secretary of Defense Pete Hegseth visited sailors aboard the USS Gerald R. Ford aircraft carrier in the Latin American region on Thursday, amid a military buildup by President Donald Trump’s administration that has heightened tensions with Venezuela.
French health experts are warning that the highly pathogenic H5 strain of bird flu, already devastating wild and farm animals, could evolve into a virus capable of human-to-human transmission — potentially sparking a pandemic worse than COVID-19.
The global recall of Airbus A320 aircraft has triggered widespread disruption across several major airlines, forcing flight cancellations in the United States, Japan, Australia and New Zealand.
Pope Leo visited Istanbul’s Blue Mosque on Saturday, stepping inside one of the most iconic sites of the Muslim world. He removed his shoes at the entrance in a gesture of respect. He did not appear to pray.
Russian drones and missiles struck several districts of Kyiv early on Saturday, killing one person and injuring more than a dozen. Fires swept through residential blocks as debris rained over the city.
Shoppers packed malls and downtown streets in Caracas on Black Friday (28 November) as retailers offered discounts despite Venezuela’s prolonged economic crisis. Customers queued in shoe and electronics stores and browsed signs advertising cuts of up to 50%.
The famed Nuremberg Christmas Market opened on Friday (28 November) with its traditional ceremony featuring the Nuremberg Christkind, an angel-like child figure said to deliver Christmas gifts in some European countries.
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