China Stocks Slip as US-China Talks Loom
2026-09-17 02:13
By
Czyrill Jean Coloma
1 min. read
The Shanghai Composite slipped 0.41% to close at 3,875.6 on Thursday, while the Shenzhen Component fell 0.33% to 13,409.9, reversing gains from the previous session as investors turned cautious ahead of high-level US-China talks.
US Treasury Secretary Scott Bessent is set to meet Chinese Vice Premier He Lifeng this weekend for final preparatory discussions before the September 24 summit between Presidents Donald Trump and Xi Jinping in the US.
While the upcoming meetings are expected to help improve relations between the world’s two largest economies, investors remained cautious amid lingering uncertainties over tariffs, sanctions and geopolitical tensions, including those involving Taiwan and the Middle East.
Energy stocks were also among the top laggards, including PetroChina (-1.67%), CNOOC (-2.39%) and Sinopec (-1.54%).
In contrast, BYD climbed 1.2% after reports that Chinese officials may include the automaker in Xi Jinping’s business delegation for his summit with Trump.