Xi-Trump Meet Gives China Markets Little Reason to Change Course

Chinese stocks halted their rally and the yuan held steady as the high profile summit between Xi Jinping and Donald Trump delivered a predictable script. The absence of substantiative breakthroughs in trade or diplomacy suggests investors are likely to stick with the status quo.

The CSI 300 Index slid 0.3% this week, snapping a five-week winning streak leading up to the event. While the talks yielded little in the way of concrete wins on agricultural trade or technology, the lack of friction prompted a wave of profit-taking rather than a fundamental shift in sentiment, market watchers say.