Chinese equities slumped and bond futures climbed, showing investors remain concerned about trade tensions even after President Donald Trump signaled over the weekend that he’s open to talks.
The Hang Seng China Enterprises Index fell as much as 3.6% before paring its drop to around 2%. Tech heavyweights Xiaomi Corp. and Alibaba Group Holding Ltd. were among the biggest drags. The CSI 300 Index, a benchmark for mainland shares, closed down 0.5%. The People’s Bank of China boostedBloomberg Terminal its daily reference rate to the strongest since November in a bid to keep the yuan steady.
