Global Stocks Hold Near Record Highs as China Shares Slip 1% on Summit Wait
Updated
Updated · Bloomberg · May 14
Global Stocks Hold Near Record Highs as China Shares Slip 1% on Summit Wait
11 articles · Updated · Bloomberg · May 14
MSCI’s All Country World Index was little changed after closing at a record high Wednesday, with traders finding no new catalyst from Donald Trump’s meeting with Xi Jinping in Beijing.
Trump called the talks “great,” but markets barely reacted, underscoring investor caution as the summit had yet to deliver concrete signals strong enough to extend the rally.
Mainland China stocks fell about 1%, while the offshore yuan rose for an 11th straight day — its longest winning streak since September 2017.
Earlier in Asia, analysts had already tempered expectations for any major breakthrough in U.S.-China relations or Taiwan, helping explain the muted cross-market response.
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