Asian indices mostly rose after the meeting between US President Trump and his Chinese counterpart Xi.
The Shanghai Composite index fell 0.2% to around 4,010, while the Shenzhen Component lost 0.6% to 13,610 on Thursday, and mainland shares rebounded from 10-year highs as investors analyzed the recently concluded meeting between President Xi Jinping and US President Donald Trump.
Among key developments, Trump cut China’s fentanyl tariffs in half to 10%, adding that Beijing had agreed to pause restrictions on rare earth exports for a year and immediately resume soybean purchases. However, there is a lack of comments from the Chinese side, which keeps markets cautious, SEEBiz reports.
Technology and artificial intelligence-related stocks led decliners as investors booked profits, with Eoptolink Technology, Zhongji Innolight, Foxconn Industrial, Victory Giant and Cambricon Technologies falling between 1.7% and 7.2%.
