June 12, 2025 9:58 AM
China, Hong Kong stocks retreat as trade optimism fades
China and Hong Kong stocks fell on Thursday, led by declines in the rare-earth and tech sectors, as markets struggled to sustain positive momentum from Sino-U.S. trade talks that provided few concrete details. A deal getting the fragile truce in the U.S.-China trade war back on track was reached after negotiators from Washington and Beijing agreed on a framework covering tariff rates, U.S President Donald Trump said on Wednesday. The deal removes Chinese export restrictions on rare-e...