China’s Yuan Hits 3-Year High as Trump-Xi Summit Shapes Market Sentiment

TLDR: China’s yuan touched a 3-year high after the PBOC set its strongest midpoint rate since March 2023. The Shanghai Composite fell 1.52%, its worst session in two months, driven largely by profit-taking. Analysts say markets are growing less sensitive to Sino-U.S. trade news, shifting focus to technology. Xi and Trump agreed to pursue a [...]

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