"Striking a conciliatory tone, the People's Daily said Monday the progress showed Beijing and Washington were capable of handling their differences. "Neither side was blindsided by these issues, instead they focused on solving the problems," according to the commentary penned by Zhong Sheng, a Chinese homonym for "Voice of China" that's often used to set out Beijing's foreign policy views."
"The Hang Seng China Enterprises Index rose as much as 1.3% on Monday, while the broader MSCI AC Asia Pacific Index advanced 1.5% to a new intraday record. China's 10-year government bond yields edged up, as demand for safety assets ebbed following the positive results of trade talks. Xi and Trump are expected to sign off on the terms this week in South Korea when they sit down in person for the first time since the U.S. president returned to power."
China and U.S. trade negotiators announced multiple agreements covering tariffs, shipping fees, fentanyl and export controls after two days of talks in Malaysia. The People's Daily urged major economies to jointly safeguard the hard-won achievements and noted Beijing and Washington showed capability to handle differences, saying neither side was blindsided and both focused on solving problems. Asian equity indexes rose and China’s 10-year bond yields edged up as risk appetite improved. Xi and Trump are expected to formalize the terms in South Korea, with potential details on soy purchases, shipping fees and rare-earth export controls. Bloomberg Economics warned market relief may be temporary.
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