28.10.202502:33:30UTC+00China Stocks Slip as Trade Talks Eyed

On Tuesday, the Shanghai Composite slightly declined by 0.15%, settling around 3,990, while the Shenzhen Component marginally decreased by 0.1% to 13,476. This modest retreat from ten-year highs was driven by investors capitalizing on profits ahead of the anticipated meeting between President Xi Jinping and U.S. President Donald Trump. Both nations have reached a framework for a prospective trade agreement expected to be endorsed by the two leaders later this week, focusing areas such as rare earth minerals, soybean purchases, and TikTok. Key companies experiencing notable downturns included Victory Giant with a -4% change, China Northern Rare Earth falling by 3.2%, ZTE Corp declining by 3.2%, Shenzhen Longsys dropping by 4.2%, and Jiangsu Hengrui decreasing by 4.4%. In related developments, on Monday, China's securities regulator announced new plans to ease restrictions on foreign investors. This initiative aims to attract long-term capital by streamlining requirements, improving efficiency, and broadening investment opportunities.