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Xi-Trump Meet Gives China Markets Little Reason to Change Course

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Chinese stocks halted their rally and the yuan held steady as the high profile summit between Xi Jinping and Donald Trump delivered a predictable script. The absence substantiative breakthroughs in trade or diplomacy suggests investors are likely to stick with the status quo.

The CSI 300 Index slid 0.3% this week, snapping a five-week winning streak leading up to the event. While the talks yielded little in the way of concrete wins on agricultural trade or technology, the lack of friction prompted a wave of profit-taking rather than a fundamental shift in sentiment, market watchers say.

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