Trump-Xi call offers limited relief as rare-earth worries linger

Chinese stocks subdued; analysts highlight gaps in two sides' accounts

U.S. President Donald Trump and Chinese President Xi Jinping had a long-awaited phone call, but differing accounts of the conversation suggest that uncertainties remain, particularly when it comes to export controls. (Nikkei montage/Source photos by Reuters)

WATARU SUZUKI

June 6, 2025 12:59 JST

Updated on June 6, 2025 15:17 JST

SHANGHAI -- Chinese stocks were mostly flat on Friday morning after Chinese President Xi Jinping and U.S. leader Donald Trump agreed to hold a new round of trade talks, as concerns persist over export controls and risks of flaring tensions.

The CSI 300 Index, a benchmark of blue-chip stocks listed on mainland exchanges, opened marginally higher. Hong Kong's Hang Seng Index gained 0.1% at the opening before swinging into negative territory. U.S. shares fell on Thursday.