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China, HK stocks open flat as US-China call offers little relief on trade tensions

ReutersJun 6, 2025 1:30 AM

- China and Hong Kong stocks opened flat on Friday, as a call between Washington and Beijing offered little clarity to ease ongoing trade tensions.

China's blue-chip CSI300 Index .CSI300 edged down 0.1%, while the Hong Kong benchmark Hang Seng .HSI nudged 0.1% higher.

U.S. President Donald Trump and Chinese leader Xi Jinping confronted weeks of brewing trade tensions and a battle over critical minerals in a rare leader-to-leader call on Thursday, leaving key issues unresolved for future talks.

"Market reaction is low key as the discussion between the two leaders lacked real details outside of agreeing to new rounds of tariff talks," UBS analysts said in a note.

"With no clear signs the call will cool trade tensions, headline risk remains top of mind amid the ongoing tariff rifts."

Chinese tech ADRs KWEB.K were muted after the call, up only 0.85% overnight in New York session.

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