FX.co ★ China Stocks Waver as Trump-Xi Summit Approaches

The Shanghai Composite edged up 0.2% to 3,663 on Friday, while the Shenzhen Component slipped 0.1% to 11,186, reflecting a mixed market as investors turned cautious ahead of next week’s summit between US President Donald Trump and Chinese President Xi Jinping. The high-stakes meeting in Shenzhen has been clouded by renewed uncertainty following allegations about Nvidia CEO Jensen Huang’s connections to a suspected Chinese spy, a development that risks reigniting tensions over semiconductor trade. The controversy surrounding Huang may provide US lawmakers with additional justification to advocate for tighter technology export controls in the run-up to the leaders’ talks. Among individual names, Cambricon Technologies rose 4.7% and Hygon Information Technology gained 3.8%, while optical module producers Zhongji Innolight and Eoptolink Technology fell 3.2% and 2.9%, respectively. Despite Friday’s divergent moves, both major indices remained on course to log weekly gains.