Chinese Stocks Slide as Investors Anticipate Trump-Xi Talks Outcome; Three Debutants Finish Strong

Published on 10/28/2025 at 03:58 am EDT
(MT Newswires) -- Chinese stocks retreated Tuesday as investors are anticipating the outcome of a planned encounter between U.S. President Donald Trump and Chinese President Xi Jinping.
The Shanghai Composite Index, the main gauge of Chinese stocks, lost 0.2% or 8.72 points to reach 3,988.22. The Shenzhen Component Index fell 0.4% or 59.30 points to 13,430.10.
Trump earlier said he expected to sign another trade agreement with Xi during the sidelines of the Asia-Pacific Economic Cooperation Summit in South Korea, the Associated Press reported Tuesday.
Investors say the expected meeting between the two world leaders is bringing them a sense of deja vu linked to the 2019 trade war between the top two economies headlined by both Trump and Xi, Reuters reported separately.
"We had this big headline, markets sold off, we had some wobbles on that, but now it seems that talks are constructive again and now that's being faded," Reuters quoted Mizuho multi-asset strategist Evelyne Gomez-Liechti as saying.
"To be honest whenever we get all these headlines from Trump it also follows this TACO pattern. I feel like this was just the strategy again," Gomez-Liechti reportedly said.
" TACO " or Trump Always Chickens Out is a Wall Street acronym to explain that Trump makes big pronouncements but withdraws eventually, according to Reuters.
Meanwhile, stock market debutants BeBetter Medclosed 74% higher. Xi'an Eswin Materials Technologyand Wuhan Healthgen Biotechnology surged by triple digits during the the closing bell, finishing at 199% and 213%, respectively.

Sumber : MT Newswires