The Shanghai Composite and Shenzhen Component indexes traded around the flatline on Thursday, with mainland stocks lacking clear direction as investors awaited signals from the recently concluded meeting between President Xi Jinping and US President Donald Trump, their first since Trump’s return to office in January. Trump said the US and China will enjoy a strong relationship for a long time, while Xi urged both nations to stay on the right course to maintain stability. The two leaders were expected to formalize a trade truce after months of friction, which may include a rollback of fentanyl-linked tariffs, approval of the sale of TikTok's US operations, resumed soybean purchases and a pause on China's rare earths export controls. Tech and AI-related shares led the decline as investors locked in profits, with Eoptolink Technology, Zhongji Innolight, Foxconn Industrial, Victory Giant, and Cambricon Technologies sliding between 1.7% and 7.2%.