China stocks flat as investors take gains after Trump-Xi deal

Nov 3, 2025, 11:23 GMT+7
By Jiaxing Li
Reuters - China stocks were flat on Monday as investors continued to consolidate gains and position defensively after Chinese President Xi Jinping and U.S. President Donald Trump agreed to a trade deal last week.
** At the midday break, the Shanghai Composite indexedged up 0.05% at 3,956.72 points after swinging between gains and losses during the morning.
** China's blue-chip CSI300 indexwas down 0.5%.
** Investors appeared to be cashing out gains following the much-anticipated Trump-Xi meeting.
** The deal includes U.S. tariff reductions and a pause in Beijing's new restrictions on exports of rare earth minerals and magnets, extending a delicate trade truce between the world's two largest economies.
** "Some have started taking gains after a very good run," despite remaining bullish on the "Fed put/Trump put" optimism and China's technological advances, Bank of America said in a note to clients.
** "We advise investors to lock in some gains on the rises and accumulate on the corrections, and rotate into more defensive positioning toward year end," they said.
** Defensive sectors cushioned the markets on Monday, with the CSI Energy Index gaining nearly 3%, the banking sector higher by 1.4% and the consumer staples sectorup 0.1%.
** Tech-related shares tumbled, with the semiconductor sector (.CSI931865) index slumping as much as 4.2% and AI-related shares weakening 1.3%. The rare earth sectorslipped as much as 3.4%.
** Hong Kong shares were steady. The Chinese H-share index listed in Hong Kong, the Hang Seng China Enterprises Indexrose 0.7% to 9,231.30, while the Hang Seng Indexwas up 0.6% at 26,057.03.
** On the data front, China's factory activity in October expanded at a slower pace as new orders and output both waned amid tariff anxiety, a private-sector survey showed on Monday.

Sumber : Reuters