US President Trump personally arrived at Andrews Air Force Base to welcome Chinese President Xi Jinping. Breaking over 60 years of diplomatic convention, Trump welcomed Xi's visit to the US with exceptionally high diplomatic protocol, described as "extraordinary courtesy."
As Chinese and US leaders begin their state visit, US Treasury Secretary Besent and Chinese Vice Premier He Lifeng announced after their meeting on Wednesday that both sides have agreed to extend their trade truce until January 10 next year. When asked whether a broader agreement could be reached before the new deadline, Besent said, "I don't know if we can reach a larger agreement, or whether we are just extending the current one."
Regarding potential outcomes from the Xi-Trump meeting, Besent indicated, "We may see announcements related to financial services and agricultural product purchases."
Currently, the Hang Seng Index stands at 24,763, down 71 points or 0.3%, with main board turnover nearing HK$63.6 billion. The HSCEI stands at 8,262, down 10 points or 0.1%. The Hang Seng Tech Index stands at 4,348, down 30 points or 0.7%. (am)
| Stock (Code) | Current Price (HK$) | Change (%) |
|---|---|---|
| CCB (00939) | 9.7 | Up 0.41% |
| ICBC (01398) | 7.65 | Up 1.46% |
| ABC (01288) | 6.615 | Up 1.85% |
| Bank of China (03988) | 6.065 | Up 1.08% |
| CMB (03968) | 51.4 | Up 0.29% |
| Bank of Communications (03328) | 8.28 | Up 0.85% |
| Chongqing Bank (01963) | 8.48 | Up 0.95% |
| Chongqing Rural Commercial Bank (03618) | 6.41 | Up 1.75% |
| CITIC Bank (00998) | 8.53 | Up 0.77% |
| Minsheng Bank (01988) | 3.455 | Down 0.58% |
