FX.co ★ China Stocks Fall After Xi-Trump Meeting

The Shanghai Composite Index declined by 0.73%, closing at 3,987, while the Shenzhen Component Index decreased by 1.16% to 13,532 on Thursday. Mainland Chinese stocks retreated from ten-year highs following the meeting between President Xi Jinping and President Donald Trump, which did not succeed in boosting market sentiment. President Trump announced an agreement aimed at reducing tariffs on Chinese goods, with China committing to halt restrictions on rare earth exports, resume purchases of U.S. soybeans, and enforce stricter control over fentanyl trade. However, the lack of official confirmation from Chinese authorities kept investors wary, raising concerns that significant structural problems might still be unaddressed. The technology and artificial intelligence sectors suffered the most, as investors chose to secure gains. Significant declines were noted in companies such as Eoptolink Technology, Zhongji Innolight, Foxconn Industrial, Victory Giant, and Cambricon Technologies, with losses ranging from 1.2% to 7.9%.