Chinese tech stocks see slight gains

Chinese stocks experienced slight gains at the start of the week’s trading session, supported by the technology sector, which managed to offset losses resulting from declines in banking and insurance sectors, amid investors’ anticipation of the future course of trade relations between Washington and Beijing. Additionally, China announced a initiative to increase the capital of state-owned banks and insurance companies by $54 billion to bolster financial stability. It is also expected that President Xi Jinping will visit Washington with a delegation of businesspeople, a rare step amid ongoing tensions. The Chinese currency maintained its exchange rate against the dollar at 6.7118 yuan, amid mixed performances in the secondary markets.

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