Trade talks between China and America increase Chinese shares and increase the yuan profits

Chinese stocks have recorded modest profits and the yuan has risen, amid the indication of the intensity of trade tensions between the two largest economies in the world. The “Hanging Sing” index for Chinese businesses increased by 1.5%, while the CSI (CSI 300) index rose 0.6% on Monday during the early trading. The two indices are close to compensation for their full losses, as US President Donald Trump announced on April 2 to impose customs duties, in the so -called ‘liberation day’. This positive opening came after China and the United States announced ‘significant progress’ in the talks that took place during the weekend, in the clearest indication so far to avoid further escalation in the trade war between the two countries. But investors and strategists said they needed more details about the nature of progress made before changing to full optimism. Investors are looking for details, said Nick Aedle, chief analyst at Global Markets,: “We really need to see the details, which will enable investors to judge the volume of the potential impact on the market in the future,” and add that “the news received during the weekend is very positive for Chinese markets in general.” US Treasury Secretary Scott Besent said the United States will announce more details on Monday. As for the Chinese Deputy Prime Minister, he said, he said that the two countries agreed to establish a mechanism to continue the talks, and they announced that they intended to issue a joint statement. Meanwhile, the yuan rose slightly against the dollar in the internal market, while the Chinese fell sovereign effects. The ‘comprehensive breakdown’, relatively limited movements in Chinese stocks, may be due to the fact that the markets have already prepared the possibility of some progress during commercial talks. Although none of the parties announced specific measures during the weekend, the message was clear that there was a real progress in the path of calm in the trade conflict that confused the world markets and drove investors to the assets of Safe Haven. Trump described the talks in a social media post as “a comprehensive breakdown that was negotiated in a friendly but constructive way.” “It seems that the two parties have become more aware of the cooperation at the end of each country,” said Gerald Gan, director of the Governor of Red Capital Partners. Positive movements in the Asian markets were the wave of height in the Chinese market portion of greater positive movements in the Asian markets, while sighing traders breathed after months of fees -related disorders. US stock futures also jumped during Asian trading hours as the S&P 500 index rose 1.4%. Chinese stocks were hit by a serious blow after Trump’s announcement of the “Liberation Day” and customs fees, which caused a series of measures and reactions between the two countries. The Hong Kong Securities Index (HSCEI) fell 14% on April 7, on the worst day of the Hong Kong market since 1997.