SHANGHAI: China and Hong Kong stocks ended slightly lower on Friday, as investors remained cautious after a call between U.S. President Donald Trump and Chinese leader Xi Jinping failed to provide clear signals of progress in easing trade tensions.
Trump and Xi confronted weeks of brewing trade tensions and a battle over critical minerals in a rare leader-to-leader call on Thursday, leaving key issues unresolved for future talks.
“If you look at the conversation between Chinese and U.S. presidents, there’s nothing concrete that’s positive. So little impact on stocks,” said Guo Jianwen, partner at Shanghai-based hedge fund Haiyi Capital.
China’s blue-chip CSI300 Index fell 0.1%, while the Shanghai Composite Index was flat. Hong Kong benchmark Hang Seng Index dipped 0.5%.
For the holiday-shortened week, the CSI 300 Index gained nearly 1%, while the Hang…
