The inclusion of China domestic shares in certain MSCI global indices is the big event of the week, and will have a stabilizing effect on what has always been a choppy and opaque market. But the point is that while the funds make it less choppy, it is unlikely any time soon to be less opaque.
Meanwhile, the to-ing and fro-ing on US-China trade is not worth following in great detail here. What’s needed on the US side is a steady and consistent policy position, which for obvious reasons is not going to happen any time soon. But what is clear is that the underlying problems are not going to go away, and the consistency of the view on the issue in the West, including the US (but not the White House), is still for us the key take-away.
That is probably why the Shanghai stock market has reacted so mildly to the infusion of MSCI funds.