Chinese stocks rise to the sedative with America

Chinese stocks rose on Wednesday after the two largest economies in the world agreed to calm commercial tensions after a two -day meeting in London. The CSI 300 index (CSI 300) for local stocks rose by 1%, in its strongest daily profits in about a month, while the Chinese stock index on the Hong Kong stock exchange increased by 0.9% to reach its highest levels since March. This increase in local shares came after the United States agreement and China in principle to implement the previously achieved understanding in Geneva. Although the full details of the agreement were not immediately announced, officials from both parties indicated that they would submit the proposal to their leaders to agree to this, in preparation for its implementation later. “Although we have not yet obtained an actual agreement, what has been achieved can be considered progress, especially in light of the positive dialect issued after the meeting by the two parties, which may be sufficient to temporarily eliminate the concerns associated with customs duties.” The hope has strengthened the talks to reduce tension and open the path to an agreement between the two countries, from the restoration of Chinese shares over the past few weeks. The Hang Seng China Enterprises index entered the emerging market on Monday, after the profits rose by more than 20% compared to the lowest levels recorded in April.