China's Foreign Ministry: Xi and Trump Forge New Agreements

China's Foreign Ministry announced that President Xi Jinping and former President Donald Trump reached "new consensuses" following their recent engagement, signaling potential improvements in U.S.-China relations. This development could influence market sentiment through a shift in risk appetite, as easing tensions may lead to increased capital flows between the two economies. Chinese equities and U.S. markets, particularly sectors reliant on trade, are most exposed to these changes due to their interconnected supply chains and economic dependencies. Traders will be particularly attentive to any forthcoming statements or policy shifts from the Biden administration that could clarify the implications of this engagement on tariffs and trade policies.

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