China stocks end at Nearly 3-Veeek High as Sino-Hus Trade Truce Sparks Optimism

Shanghai, – China Stocks Climbed on Wednsday, Touching their Highest Levels in Nearly Three Weeks, Lifted by Optimism Over Progress in Us -China TRADE TALKS, ALTHNOSTORS AREVESTORS Awaited Details on the framework agreed upon by the two countries.

China’s Blue-Chip CSI300 Index Rose as Much as much to its highhest since May 23. Hong Kong’s Benchmark Hang Seng Index Climbed Up To 1%, Touching Its Stronging Level Since Mark 20.

Us and Chinese Officials said on tuesday they have agreed on a framework to put their trade truce back on track and remove china’s expenses on rare earths white offering light Resolution to Longstanding Trade Differences.

“This is positive news to the market.

“Going forward, bot sides will move toward Reducing the Trade Imbalance.”

The two-day meeting in London Followed a Leader-TO-Lader Phone Call Between Us President Donald Trump and China’s XI Jinping Last Week After Tension The Countries Flared, with the cusping of Violating the Geneva Deal.

Zeng Wenkai, the Chief Investment Officer at Shengqi Asset Management, Said Markets Had Likely Expected The Outcome.

“People have realized that kneeling gets you nowhere – in fact, it only invites more bulling,” zeng said, adding that counties are now adopting a tougher stance in negotiations with the us

The CSI Rare Earth Index Gained More Than 3%, While China’s Semiconductor Index Fell 0.1%.

“The details matter, especially Around the degree of rare earths bound for the us, and the subsequent freedom for us-produced chips to head east,” called Chris Weston, Head of Research AT Peppers.

“But for now as long as the headlines of talks between the two parties remain constructive, Risk Assets Shoulds Should Remain Supported.”

By Market Close, The CSI 300 Index Rose Nearly 1%, The Shanghai Composite Index Gained 0.5%and the Hang Seng Index Added 0.8%.

Tech Majors Traded In Hong Kong Advanced 1.1%.

Chinese stocks have struggled for Direction Since April 2, When Trump Announced His Sweeping Reciprocal Tarifs.

The CSI300 Index has Barely Budged from the April 2 Level, and the Hang SenG Index Gained Around 5% during the period, both lagging the recover among Major Global Markets.

China’s Auto Stocks Climbed Nearly 2% After Several Major Automakers, Including Byd, Chery and Gealy, Pledged to pay suppliers within 60 days.

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