PRE-MARKET CHINESE STOCKS NEWS: US and China said they agreed to a USD 30bln reciprocal tariff reduction and to launch a bilateral dialogue on AI

Goodbaby International (1086 HK) - Co. received a privatisation proposal worth HKD 1.50/shr, with approximately HKD 1.32bln in cash required for the deal. (Newswires) Tech China signalled it could allow some domestic companies, including ByteDance and Alibaba (9988 HK), to buy NVIDIA (NVDA) chips built for high-end computers. (The Information) Geopolitical US President Trump said the Taiwan issue came up during meetings with Chinese President Xi, but noted that they did not discuss it extensively and that Xi understands his position. (Newswires) China’s Southern Theatre Command conducted a joint air and sea training exercise around the Scarborough Shoal on Sunday. (Newswires) Other News US and China said they agreed to a USD 30bln reciprocal tariff reduction and to launch a bilateral dialogue on AI. (WSJ) China Commerce Ministry said they look forward to expanding China-US collaboration in the coal sector and that the sides agreed to form an agricultural working group, while they have also agreed to set up a communication channel for AI incidents. (Newswires)