Chinese equities fell as Xi Jinping met Donald Trump in Beijing, with investors
locking in profits after a tech-led rally and awaiting clearer signals from the
talks. The CSI 300 dropped as much as 1.7%, underperforming Asia-Pacific peers,
while technology shares led declines, pushing the ChiNext and STAR 50 down up to
2.5% and 2.6% after recent record highs. Strategists called it a “buy the news,
sell the facts” move. Trump and Xi held a cordial opening, with Trump citing a
“fantastic future” and Xi urging partnership over rivalry, while warning over
Taiwan-related risks.