Chinese stock markets rallied following the announcement of new government stimulus measures and the prospect of renewed trade talks with the United States. The Shanghai Composite Index rose 1.13% on May 6, reclaiming the 3300 level, and 0.80% on May 7, while the Shenzhen Component Index increased by 1.84% and 0.22% on the respective days. The ChiNext Index gained 1.97% on May 6 and 0.51% on May 7. The CSI 300 Index was up as much as 0.6% in early trading on May 6. Nearly 5,100 stocks closed higher on May 6, with technology, defense, and real estate shares leading gains. The Hang Seng Index in Hong Kong rose 0.13% on May 7, while the Hang Seng Tech Index fell 0.75%. The Chinese yuan strengthened against the US dollar. The Chinese government introduced a series of policy easing and major stimulus measures, including interest rate and reserve requirement cuts by the People's Bank of China, to stabilize the economy amid ongoing trade tensions with the US. Retail and catering sales increased by 6.3% year-on-year during the recent Labor Day holiday. Officials from both countries are preparing to meet in Switzerland to discuss the trade impasse. The US has imposed tariffs of 145% on Chinese imports, while China has responded with tariffs of 125% on US goods. President Donald Trump stated he has no current plans to speak with Chinese President Xi Jinping.