FTSE China A50 index futures fell 2%.

人民币兑美元中间价较上日调升90点至6.7399，中间价升值至2023年2月3日以来最高，升幅创2026年4月27日以来最大。

After the eighth round of China‑U.S. economic and trade consultations, the two sides agreed to establish a China‑U.S. Trade Council under the bilateral consultation mechanism to optimize trade. Negotiating teams have reached consensus on the council’s mandate, structure, responsibilities and consultation arrangements; details will be published later. The council will first discuss a 300 bln vs 300 bln reciprocal tariff‑reduction framework, aiming to reach agreement. An agricultural working group has been set up under the council, and the council will also consider other measures to optimize bilateral trade.