Chinese stocks ease from 10-year peak ahead of high-stakes Trump-Xi meeting

Chinese stocks slipped on Thursday ahead of a meeting between U.S. President Donald Trump and Chinese President Xi Jinping, with investors cautiously optimistic they will agree on a trade war truce that may help sustain the bullish sentiment.
While investors have been somewhat heartened by signs of cooling trade tensions between the world's top two economies after recent escalations, there is also a sense of deja vu that the real deal may offer far less to celebrate.
The benchmark Shanghai Composite Index has been hitting fresh decade-highs this week, driven by hopes for an imminent de-escalation.
On Thursday, the index dipped 0.2% in early trading.
Hong Kong's Hang Seng Index rose 0.6% after returning from a holiday on Wednesday.
Trump, in his final stop in South Korea on an Asia trip, has struck an optimistic tone, saying he expects a trade truce deal.
"The relationship with China is very good. So I think we're going to have a very good outcome for our country and for the world, actually," Trump said.
"The two heads of state will have in-depth communications on strategic and long-term issues," a foreign ministry spokesperson from China said on Wednesday.
The meeting, the first between the leaders since Trump returned to office in January, is due to begin at 11 a.m. (0200 GMT) in the southern port city of Busan.

Sumber : Reuters