Originally posted by Cotton2103 ↑Maybe we can all chip in & fund...

Originally posted by Cotton2103 ↑

Originally posted by prosperity
1/2 hour into the address and we are at lows today.
News must be negative.
So tempted to sell at a loss, but can't stomach the loss.

Then sell. If you could also keep me informed of when you itch your bum, or burp or even what you had for dinner. Please just sell.

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Maybe we can all chip in & fund the loss just to bring an end to the inconsistent ramblings?

It isn't surprising that Xi didn't address the trade tension with the U.S. Directly. China sees the expo as a venue to open to the world because of its own will, not under pressure from other countries.

News will be in the details of how China is to open the education and medical care sector. The government has been talking about it for years, but not much action so far.

Share on TwitterShare on Facebook1:36:49 PM

Enda CurranChief Asia Economics Correspondent endacurran

Xi played a straight bat. He rehashed old promises, rolled out some new ones and took a swing at Trump's trade policy without naming the U.S. (as per usual).

Xi couldn't be seen to be rolling over to Trump's latest overtures. That's a negotiation for behind closed doors (or on Twitter, depending on your outlook). The question now is how Trump responds.

Share on TwitterShare on Facebook1:36:14 PM

Matthew BurgessEquities Reporter MBurgessSyd

Market update after Xi's speech:

S&P 500 futures bounced off their lows after the pledge to impose "punitive compensation system" to IP rights violations -- something Trump has been complaining about. Nasdaq futures pared most of the day's losses.

Share on TwitterShare on Facebook1:35:38 PM

Chris AnsteyManaging Editor, Asia Cross-Asset Markets AnsteyAsia

The onshore yuan came off its lows of the day as Xi spoke, but it's hard to see much reaction in the currency market. The yuan is down essentially thanks to the more hawkish comments on the potential of a Trump-Xi trade deal that came out in recent days from White House economic adviser Larry Kudlow. Along with rising U.S. yields, which erode the relative appeal of Chinese bonds.

Share on TwitterShare on Facebook1:34:08 PM

Kyoungwha KimAsia Markets

Xi's speech seems well received and is giving investors some confidence to move into more speculative sectors such as techs from more defensive stocks. The comments about a science-tech board seem clearly positive. The CSI 300 Info Tech Index soars 5.3% with the ChiNext index of small stocks up 1.4%.

Share on TwitterShare on Facebook1:33:00 PM

Chris AnsteyManaging Editor, Asia Cross-Asset Markets AnsteyAsia

Xi certainly played to the audience here, and we heard similar kinds of opening-up pledges to what we've heard in the past from top Chinese officials. We also got confirmation of some things that were reportedly in the works -- including a reduction in import taxes.

But the bottom line with regard to U.S. relations is there's little by way of concrete, time-limited pledges to satisfy the American hawks. And we wouldn't have expected that -- you don't negotiate in public.