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Shares of U.S.-listed rare earth miners rallied on Thursday after China agreed to delay the introduction of export controls.
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President Trump said he and Chinese leader Xi Jinping "agreed to almost everything" in their nearly two-hour meeting in South Korea, which Trump said was "friendly."
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The high-stakes meeting comes as tensions between the world's two largest economies have escalated this year.
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President Donald Trump and Chinese President Xi Jinping met for their first face-to-face talks in six years in South Korea.
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Ahead of a meeting with President Trump, China's leader signaled that he is committed to competing in manufacturing and technology despite tensions with Washington.
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The Federal Reserve cut interest rates by a quarter point for the second time this year, but the probability of a reduction at its next meeting fell after Jerome Powell, the central bank's chair, said that officials held "strongly differing views."
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