Investors say they want Trump, Xi to stay out of AI’s way

SHANGHAI/SINGAPORE: Investors expect U.S. President Donald Trump and his Chinese counterpart to keep trade tensions on the backburner when they meet in Beijing and say they are focused on the booming AI sector and whether the U.S. will relax chip export restrictions.

This is in stark contrast with years of Chinese asset prices swinging wildly on trade and tariff headlines and is reflected most clearly in the yuan, which has been steadily rising for a year to reach a three-year peak.