Investors in China are betting on the meeting between Presidents Xi Jinping and Donald Trump to sustain relaxed relations helping prop up stocks and the renminbi, Bloomberg reported Monday.
Watchers are no longer focusing on a big reset in U.S.-China relations but are now looking at whether Xi and Trump could avoid butting heads on trade, technology, and geopolitics, the report said.
"Tariffs and trade tensions have taken a backseat on investors' minds for now, given the supply risk to energy and petrochemicals," Bloomberg quoted JPMorgan Asset Management Chief Market Strategist Tai Hui as saying.
While experts are not anticipating major policies from the meeting, fringe deals such as Chinese purchases of U.S. soybeans or aircraft could happen, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)