Xi and Modi Meet at SCO, Aiming to Ease Tensions

In a significant development at the SCO summit in Tianjin, Chinese President Xi Jinping met with Indian Prime Minister Narendra Modi. This meeting marks a cautious easing of tensions between the two nations as they navigate shifting geopolitical landscapes. While no major financial shifts were immediately detected, both leaders expressed their commitment to improving bilateral ties. The engagement focused on cooperation and stability in financial markets, without altering strategic positions significantly. The resumption of direct flights between China and India is expected to boost trade activity, with potential impacts still being assessed. Industry leaders remain cautiously optimistic regarding long-term prospects for a more stable relationship.