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Trump and Xi to Seal a Deal? Traders Aren't Holding Their Breath

  • Leaders of U.S. and China are set to meet in Japan this week
  • The trade dispute has weighed on markets over the past year
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The Mood Is Less Optimistic in China Says Eurasia's Sumpter
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Fund managers are sticking to their positions ahead of this week’s meeting between presidents Donald Trump and Xi Jinping, saying they don’t expect much progress to be made.

A common view among China investors: there’s little chance the two leaders will suddenly reach an agreement and resolve a trade dispute that has weighed on markets over the past year. Most are keeping an emphasis on domestic-focused defensive stocks, though much potential downside is already priced in, while foreign-exchange traders expect a slight weakening in the yuan.