US EditionHong Kong Stocks Slide After Xi-Trump Meeting Yields Few Surprises
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7 Articles
Times of India
The Economic TimesChinese stocks climb to 10-year peak as Trump-Xi meet
Chinese stocks surged to a ten-year peak on Thursday. This rise occurred as Presidents Donald Trump and Xi Jinping commenced crucial talks. Investors are hopeful for a trade war truce. Early signs suggest easing tensions between the two global economic giants. Banking, insurance, and liquor sectors led the market gains. Hong Kong's Hang Seng Index also saw an increase.
Today (October 30), the three major A-share indices opened lower and experienced a sharp drop in the afternoon, with 4,000 stocks closing in the red and the Shanghai Composite Index falling below 4,000 points. Financial analysts believe the main reason is that the outcome of the Trump-Xi meeting was less than expected.
Asian markets are on hold after the Trump-Xi summit ended without a joint statement. Trump claims to have secured tariff cuts. Analysts call the meeting "a tactical pause, not a strategic breakthrough."
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