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Chinese Shares Open Mixed Ahead of Trump-Xi Meeting

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Chinese shares opened mixed on Wednesday as investors took a wait-and-see approach before the high-stakes summit between US President Donald Trump and Chinese President Xi Jinping in Washington.

The Shanghai Composite Index, the main gauge of Chinese stocks, ticked down 0.76 of a point to 3,951.37. The Shenzhen Component Index rose 0.1% to 13,742.55.

Market participants are holding off on significant moves until there is clarity on whether the Sino-U.S. trade truce will be extended and how both governments will address issues concerning export restrictions, rare-earth materials and artificial intelligence policy.

Separately, the Asian Development Bank expects China's economy to grow 4.6% in 2026, unchanged from its July estimate. For 2027, the real GDP growth estimate also remained at 4.5%.

What else is happening in Asia?

Asia

Goodman Group Receives 2 Shareholder Resolutions for Upcoming Annual General Meeting

Goodman Group (ASX:GMG) received two shareholder resolutions for consideration at its Nov. 19 annual general meeting, according to a Monday filing with the Australian bourse.One of the resolutions calls on the company to disclose its framework for identifying and managing material environmental and social-license risks related to data center development close to residential areas, schools, or environmentally sensitive land.The second one seeks an amendment to Goodman Group's constitution to permit advisory resolutions, per the filing.Both resolutions are advisory and do not bind the company's directors.Its shares gained past 1% in recent Tuesday trade.

ASX:GMG
Asia

Farglory Land Development Approves NT$5.46 Billion Construction Contract

Farglory Land Development (TPE:5522) approved a construction contract with its subsidiary, Farglory Construction, for a land bank in Kaohsiung City for NT$5.46 billion, according to a Monday Taiwan bourse filing.The real estate developer's subsidiary will be engaged in the contract on the company's own land to increase revenue.

TPE:5522
Asia

Sealink International Receives $17 Million Insurance Payout for Vessel Fire Incident in Brazil

Sealink International (KLSE:SEALINK) has received the insurance proceeds of $17.3 million on Monday, in relation to the fire incident involving one of the group's vessels located in Brazil, according to a sameosay filing to the Malaysian bourse.The payout follows a settlement agreement executed on May 5.The company's shares were up nearly 2% in recent trade.

KLSE:SEALINK