Chinese Markets Under Pressure as Xi-Trump Meet Lacks Surprises

Chinese stocks pulled back and the yuan slipped after a high-stakes meeting between President Donald Trump and Xi Jinping wrapped up with few positive surprises for investors.

Trump touted that he had an “amazing meeting” with Xi, which resulted in a trade deal that would see the US halve fentanyl-related tariffs on Chinese goods effective immediately. Analysts say investors are locking in profits, with a hint of disappointment at the lack of a joint statement and any discussion around approving the sales of Nvidia Corp.’s Blackwell chips to China.