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* US/China: In the midst of the significant market moves, Treasury Secretary Bessent has recently posted on social media to confirm that Chinese Vice Premier He Lifeng and he held substantive discussions on the U.S.-China economic relationship ahead of President Trump's meeting with President Xi. * Their discussions co
US Treasury Sec. Bessent On Meeting With China Vice Premier
Treasury Secretary Scott Bessent is reportedly emerging as a leading contender to become President Donald Trump’s AI czar, potentially expanding his role in the administration’s technology and China policy. Scott Bessent Emerges As AI Czar Contender Three people familiar with the matter told Semafor that Bessent is amo
Wall Street banks are fundraising for AI upstarts in China while Chinese money flows into US tech, with US equity holdings by Chinese residents jumping 23% to $750 billion. The mutual exposure creates a safety net for investors amidst geopolitical rivalry.
US equity indexes opened higher on Monday, led by communications services and technology, while energy stocks lagged. Crude oil prices dipped below $100 per barrel and US 10-year Treasury yields eased across the curve.
Treasury Secretary Scott Bessent said AI companies should take responsibility for their products rather than rely on a federal “liability shield,” adding to the debate over how Washington should regulate the rapidly developing technology Bessent told CNBC’s Squawk Box on Monday that humans should be held accountable fo
US stock futures pointed higher on Monday, with the Dow up 0.84%, the S&P 500 up 0.67% and the Nasdaq 100 up 1.05%. AI-related shares rose in premarket trading while crude fell more than 2% to an 11-day low.
France must pay a 104-basis-point premium on its 10-year bonds over Germany's for the first time since 2012, as investors seek more compensation to hold its debt amid concerns over the country's high budget deficit and upcoming presidential election.
Wall Street futures advanced on Monday, led by AI stocks, as a 2% slide in oil prices pulled Treasury yields lower on signs the warring parties in the Middle East were open to a resolution.
Shanghai Composite closed up 1% at 3,949.91; CSI300 up 0.7%; STAR50 up 0.3%. In Hong Kong, Hang Seng rose 1.2% and Hang Seng Tech 0.4%. Tech and property shares led, with gains after US-China talks in New York; US side proposed an AI safety notification mechanism for Sept 23-25.
Shanghai Composite index was up 0.6% at 3,933.37 points. China's blue-chip CSI300 index was up 0.4%. The start-up board ChiNext Composite index was higher by 0.9% and Shanghai's tech-focused STAR50 index was up 0.4%. The CSI AI Index added 1.1%. Tech shares gained after US Treasury Secretary Scott Bessent and Chinese V
China's yuan strengthened to its highest level in over three and a half years against the US dollar on Monday, reaching 6.6957 per dollar, as the central bank appeared to ease its efforts to curb appreciation ahead of a summit between Chinese and US leaders.
China's export boom has defied tariffs and boosted its global trade surplus to over $1 trillion as President Xi Jinping prepares to meet President Donald Trump in Washington on Sept. 24, tempering expectations for major breakthroughs.
US Treasury Secretary Scott Bessent proposed a new AI safety notification mechanism to Chinese Vice Premier He Lifeng, aimed at increasing transparency and addressing national security concerns between the two leading AI powers.
Asian share markets edged higher as chipmakers benefited from AI demand, while oil prices eased on speculation of increased supply. The dollar dipped against the yen amid intervention concerns.
(Updates with the arrivals of Bessent and He, paragraphs 1-3) Talks aimed at teeing up potential deals ahead of Trump-Xi summit US-China trade truce is set to expire on November 10 China's He to lead delegation of Chinese companies to US By David Lawder and Antoni Slodkowski NEW YORK, Sept 20 (Reuters) — US Treasury Se
Talks aimed at teeing up potential deals ahead of Trump-Xi summit US-China trade truce is set to expire on November 10 China's He to lead delegation of Chinese companies to US By David Lawder and Antoni Slodkowski NEW YORK, Sept 20 (Reuters) — US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are s
The offshore yuan strengthened to around 6.69 per dollar on Friday, extending gains from the previous session and reaching its strongest level since July 2022, as a firmer daily fixing from the People’s Bank of China continued to support the currency. The central bank set the daily midpoint at 6.7521 per dollar, strong
(Adds details on Taiwan in paragraphs 11-14) By David Brunnstrom and Joe Cash Sept 17 (Reuters) — U.S. President Donald Trump will welcome Chinese leader Xi Jinping next week for their second meeting this year, as the two leaders seek stability in a relationship under pressure over issues ranging from trade to Taiwan a
The Shanghai Composite slipped 0.3% to 3,880 on Thursday, while the Shenzhen Component edged down 0.1% to 13,439, reversing gains from the previous session as investors turned cautious ahead of high-level US-China talks this weekend. US Treasury Secretary Scott Bessent is set to meet Chinese Vice Premier He Lifeng for