FX.co ★ China Stocks Gain as Trade Talks Eyed

The Shanghai Composite rose by 0.4%, surpassing the 3,930 mark, while the Shenzhen Component gained 1%, reaching 13,150 on Friday. The Shanghai benchmark hit a new ten-year high following confirmation from the White House that President Trump and President Xi will meet next Thursday during the APEC summit. President Trump expressed his intention to extend the suspension of increased tariffs on Chinese products in return for changes in areas such as soybean imports, fentanyl regulation, and rare earth shipments. U.S. and Chinese trade representatives are scheduled to confer in Malaysia over the weekend in preparation for discussions between the two leaders. Concurrently, China's Fourth Plenum wrapped up on Thursday, with the Communist Party committing to boost domestic consumption and the manufacturing sector while prioritizing technological autonomy. Shares in high-growth tech and clean energy sectors fueled the market rally, with companies like Zhongji Innolight, Luxshare Precision, Victory Giant, Sungrow Power, and Contemporary Amperex seeing increases ranging from 2% to 6.4%.