Shanghai Stock Surge: A Decade-High Milestone Amid Trade Talk Optimism
Mainland China's Shanghai Composite Index crossed 4,000 points, the first time since 2015, fueled by trade deal optimism. Experts anticipate potential de-escalation from an upcoming Trump-Xi meeting. Meanwhile, China focuses on technological self-reliance and loosens foreign investment rules.
- Country:
- China
Mainland China and Hong Kong stocks climbed on Tuesday, marking notable milestones. Shanghai's benchmark index surpassed the 4,000-point threshold, a first since August 2015, spurred by positive sentiment surrounding a potential U.S.-China trade agreement.
The blue-chip CSI300 and Hong Kong's Hang Seng Index also saw gains. Investors are cautiously optimistic ahead of a crucial meeting between U.S. President Donald Trump and China's Xi Jinping. Experts observe a recurring pattern of escalating and de-escalating tensions in trade talks.
Despite this, China's commitment to technological advancement remains undeterred, as the People’s Bank of China maintains its supportive monetary stance. Additionally, the China Securities Regulatory Commission unveiled new reforms to attract foreign investments.
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