FX.co ★ China Stocks Rise Ahead of Xi-Trump Meeting

On Wednesday, the Shanghai Composite edged up by 0.1%, surpassing 3,990, while the Shenzhen Component increased by 0.7% to reach 13,520. These gains recouped losses from the previous trading session as investors eagerly anticipated the prominent meeting between Chinese President Xi Jinping and U.S. President Donald Trump. The discussions aim to finalize a framework potentially halting the impending U.S. tariff hikes and China’s restrictions on rare earth exports. President Trump plans to address reducing tariffs related to fentanyl from China and intends to support American farmers during Thursday’s negotiations. In corporate updates, Ping An Insurance saw its stock climb over 2%, following an 11.5% rise in profits over the first nine months of the year, attributed to improved investment returns and policy sales. Similarly, Bank of China shares reached two-month highs, following a 5% profit increase in the third quarter.