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The Economic Times
The Economic Times
Business

Global Markets |p Australian shares flat as bank rebound offsets broader losses; US-China talks in focus

China's yuan edged up to a three-year high against the dollar on Thursday, while key stock indexes retreated from recent peaks amid profit-taking, ​as investors awaited further news from a summit between the ​leaders of the world's two largest economies.

China's President Xi Jinping on Thursday hailed a "new positioning" of ties with the ​United States after his summit with President Donald Trump in Beijing, according to Chinese state broadcaster CCTV.

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