The Shanghai Composite rose 0.2%, while the tech-heavy STAR50 index outperformed with a 1.3% gain. Sentiment shifted following confirmation from US Treasury Secretary Scott Bessent that officials will meet in Shenzhen in two months to refine protocols for AI risk management. This development offers a rare point of stability against a backdrop of persistent tensions over trade, tariffs, and access to advanced semiconductors.
Corporate activity mirrored this broader trend, with Alibaba shares hitting a one-month high after CEO Eddie Wu announced plans to scale global cloud data center capacity to 20 gigawatts by 2032. Despite this momentum, analysts remain measured. William Bratton of BNP Paribas noted that expectations for the September 23–25 summit in Washington remain focused on symbolism and the preservation of the current trade truce rather than major policy breakthroughs. Investors are currently weighing the potential for reduced sector uncertainty against the structural risks of ongoing technology restrictions between the world’s two largest economies.
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