An official from the Department of American and Oceanian Affairs of the Ministry of Commerce explained the initial outcomes of China-U.S. economic and trade consultations: both sides have agreed in principle to discuss, under the Trade Council framework,

From May 12 to 13, the Chinese and U.S. economic and trade teams held consultations in Korea, making preparations in the economic and trade domain for the upcoming meeting between the two heads of state. The two sides engaged in intensive discussions on the specific content of potential outcomes and reached positive consensus. A spokesperson from the Department of American and Oceania Affairs at the Ministry of Commerce provided an interpretation of the preliminary economic and trade outcomes.

Official Website of the Ministry of Commerce of China11:29

Market Snapshot | The three major indices moved in mixed directions, with the Hang Seng Index down 0.57% and the Hang Seng Tech Index up 0.34%. Semiconductor and PCB-related stocks stood out, with GigaDevice surging over 17% and Han's CNC rising more than

Tech and internet stocks weakened, with Kuaishou down 2.45% and Baidu Group-SW down 1.83%; mobile supply chain stocks rose, with Hua Hong Semiconductor up 13.89% and SMIC up 9.71%; shipping and port stocks broadly advanced, with COSCO Energy up 4.68% and COSCO Shipping Holdings up 4.58%.

Futu News16:23

Oil, Interest Rates, Geopolitics Undercut Asian Stock Markets

MT Newswires18:33

The Ministry of Foreign Affairs responds to China-U.S. economic and trade cooperation: The two countries will soon finalize their economic and trade outcomes.

On May 20, Foreign Ministry spokesperson Guo Jiakun held a regular press briefing. A journalist asked a question regarding China-U.S. economic and trade cooperation. Guo Jiakun stated that the competent Chinese authorities have already outlined the initial outcomes of China-U.S. economic and trade consultations. During President Trump’s visit to China, the heads of state of China and the United States held in-depth discussions on bilateral economic and trade relations, clarifying the direction and providing assurance for future cooperation. Both sides will, in accordance with the consensus reached by their leaders, swiftly finalize these outcomes and jointly ensure their implementation, thereby injecting greater certainty and stability into the next phase of China-U.S. economic and trade cooperation and the global economy. (CCTV News)

CCTV15:37

Hong Kong Market Midday Review | The three major indices moved in mixed directions, with the Hang Seng Tech Index up 0.17%; semiconductor stocks performed strongly, with GigaDevice surging over 14% to a record high and SMIC rising nearly 9%; internet tech

Tech and internet stocks weakened, with Bilibili-W down 4.48% and Xiaomi Group-W down 1.89%; gold mining stocks declined, with Chifeng Gold down 5.83% and Zijin Gold International down 5.16%; photovoltaic and solar stocks fell, with Lens Technology down 5.52% and Xinyi Solar down 4.55%.

Futu News12:08

**** on the Middle East situation: It is imperative to achieve a comprehensive cessation of hostilities without delay; resuming conflict is even less acceptable, and adherence to negotiations is especially crucial.

**** stated that the situation in the Middle East Gulf region is at a critical juncture between war and peace. Achieving a comprehensive cessation of hostilities is urgently needed, resuming conflict is unacceptable, and maintaining negotiations is especially important.

Xinhua News Agency11:59