China stocks rise as market awaits Trump-Xi meeting

Oct 29, 2025, 10:54 GMT+7
Reuters - China stocks rose on Wednesday, as investor sentiment remained upbeat on trade headlines ahead of a key leadership meeting between Beijing and Washington. Hong Kong markets were closed for a local holiday.
** China's blue-chip CSI300 Indexrose 0.5% by the lunch break, while the Shanghai Composite Indexgained 0.4%.
** U.S. President Donald Trump and Chinese leader Xi Jinping will discuss a trade framework to reduce U.S. tariffs on Chinese goods in exchange for Beijing's commitment to curb exports of fentanyl precursor chemicals, media reported on Tuesday.
** Investors are watching closely for details from the Trump-Xi meeting, which is expected to take place in South Korea on Thursday.
** Meanwhile, China unveiled a full proposal for its five-year development plan on Tuesday, which suggests the country aims to keep economic growth within a "reasonable range". UBS economist Zhang Ning thinks that implies a growth target of 4.5%-5%.
** Market reaction was limited on the proposal as China just concluded its high-stakes plenum last week and vowed to boost consumption and technological innovation.
** China's CSI New Energy Indexrose more than 3% even as the five-year plan omitted electric vehicles from its list of strategic industries, marking their first exclusion in more than a decade.
** Stocks related to Nvidiaconcept broadly rose, with Guochuang Softwareup 13%, following a 5% overnight rally in the global chip giant.
** Non-ferrous metals shares jumped 3%.

Sumber : Reuters