Trade Talks Boost Chinese Confidence Despite Market Uncertainty
Chinese and Hong Kong stocks face challenges as investors prepare for upcoming trade talks between China and the U.S. Despite a weakening of key stock indices, there is optimism regarding the potential for U.S. tariff reductions. Analysts advise maintaining balanced portfolios amid fluctuating negotiation prospects.
China and Hong Kong stocks faced a sluggish session on Friday, moderating gains for the week as investors awaited pivotal trade talks between the global economic giants, the U.S. and China.
In China, the Shanghai Composite Index dipped 0.3%, closing at 3,343.38 points by midday, while the CSI300 index fell 0.2% after a morning of narrow trading.
Across the border, Hong Kong's Hang Seng Index maintained stability, hovering near a five-week high. The impending trade talks bring hopes of reduced U.S. tariffs on Chinese goods, though analysts predict a protracted negotiation journey.
(With inputs from agencies.)
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- Shanghai
- Hua Hong
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