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China president Xi reaffirms pledge for cooperation, close communication with Russia.It's all about the optics. After meeting with Trump last week, Xi is making it known that China's ties with Russia are still very much clear for all to see.

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The Shanghai Composite fell 0.41% to close at 3,960 while the Shenzhen Component dropped 1.71% to 13,175 on Tuesday, with mainland shares reversing gains from the previous session as investors weighed the implications of the latest Sino-US trade deal. Presidents Xi Jinping and Donald Trump reached agreements last week on key issues, including US tariff cuts, China’s suspension of rare earth export controls, and the halting of mutual investigations into strategic sectors. Meanwhile, data on Monday showed China’s manufacturing activity slowed more than expected in October amid renewed trade tensions, following official figures last week that signaled the seventh consecutive month of contraction. Tech, AI and clean energy stocks led the decline, wtih sharp losses from Sungrow Power (-6.2%), Foxconn Industrial (-1.9%), Contemporary Amperex (-2%), Zhejiang Sanhua (-3.8%), and Luxshare Precision (-3.8%).

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The Shanghai Composite fell 0.1% to around 3,972 while the Shenzhen Component lost 0.8% to 13,290 on Tuesday, with mainland shares struggling to build on gains from the previous session as investors weighed the implications of the latest Sino-US trade deal. Presidents Xi Jinping and Donald Trump reached agreements last week on key issues, including US tariff cuts, China’s suspension of rare earth export controls, and the halting of mutual investigations into strategic sectors. Meanwhile, data on Monday showed China’s manufacturing activity slowed more than expected in October amid renewed trade tensions, following official figures last week that signaled the longest contraction in over nine years. Major decliners included Sungrow Power (-2.2%), Zhejiang Sanhua (-3.8%), and Foxconn Industrial (-1.2%).

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The Shanghai Composite fell 0.41% to close at 3,960 while the Shenzhen Component dropped 1.71% to 13,175 on Tuesday, with mainland shares reversing gains from the previous session as investors weighed the implications of the latest Sino-US trade deal. Presidents Xi Jinping and Donald Trump reached agreements last week on key issues, including US tariff cuts, China’s suspension of rare earth export controls, and the halting of mutual investigations into strategic sectors. Meanwhile, data on Monday showed China’s manufacturing activity slowed more than expected in October amid renewed trade tensions, following official figures last week that signaled the seventh consecutive month of contraction. Tech, AI and clean energy stocks led the decline, wtih sharp losses from Sungrow Power (-6.2%), Foxconn Industrial (-1.9%), Contemporary Amperex (-2%), Zhejiang Sanhua (-3.8%), and Luxshare Precision (-3.8%).