China stands ready to work with Kazakhstan to foster more new cooperation highlights, Chinese Foreign Minister Wang Yi said on Tuesday when meeting Kazakh Deputy Prime Minister and Foreign Minister Murat Nurtleu in north China's Tianjin.
Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, said that under the guidance of the two heads of state, the development of China-Kazakhstan relations is at their best in history.
China has always placed Kazakhstan in an important position in its neighborhood diplomacy and is willing to work with Kazakhstan to firmly support each other, consolidate political mutual trust and foster more new cooperation highlights, Wang said.
Noting that Kazakhstan is a founding member of the Shanghai Cooperation Organization, Wang said that China looks forward to making joint efforts with Kazakhstan and other member states of the organization to ensure the success of the upcoming Tianjin summit.
Nurtleu said that Kazakhstan fully supports all the cooperation initiatives proposed by China and is willing to make positive contributions to the holding of the Tianjin summit.
Kazakhstan is ready to work with China to implement the consensus reached by the two heads of state, make good preparations for high-level exchanges, deepen mutually beneficial cooperation on economy and trade, investment, energy, railways, and industrial park construction, enhance people-to-people and cultural exchanges, so as to promote the continuous development of bilateral relations, he added.
China willing to foster more new cooperation highlights with Kazakhstan: FM
U.S. stocks finished slightly higher on Monday, staging a late-session recovery as investors navigated a volatile landscape marked by a criminal probe into the Federal Reserve leadership.
The Dow Jones Industrial Average rose 86.13 points, or 0.17 percent, to 49,590.2. The S&P 500 added 10.99 points, or 0.16 percent, to 6,977.27. The Nasdaq Composite Index increased by 62.56 points, or 0.26 percent, to 23,733.9. Despite the positive close, the market experienced significant intraday turbulence, with the Dow dropping nearly 500 points at its session lows.
Nine of the 11 primary S&P 500 sectors ended in positive territory. Consumer staples and industrials led the gainers, rising 1.42 percent and 0.75 percent, respectively. Financials and energy were the primary laggards, declining 0.8 percent and 0.66 percent.
Market sentiment was initially shaken by an announcement on Sunday from Fed Chair Jerome Powell, who confirmed that federal prosecutors are investigating him over the Fed's multi-billion-dollar project to renovate its headquarters. Powell characterized the probe as an attempt by the Trump administration to compromise the Fed's independence.
Further weighing on the financial sector was a proposal by U.S. President Donald Trump to cap credit card interest rates at 10 percent for one year, which triggered a sell-off in banking stocks amid concerns over restricted lending and reduced profitability. Capital One shares plummeted 6.42 percent, while Citigroup, JPMorgan and Bank of America also recorded losses.
In contrast, retail giant Walmart led the Dow's advance, climbing 3 percent following news of its upcoming inclusion in the Nasdaq 100 index. The company also announced a strategic partnership with Google's Gemini AI to enhance the digital shopping experience.
Investors are awaiting Tuesday's release of the U.S. consumer price index for December 2025. Following last week's cooling labor market data, market participants increasingly expect the Fed to maintain interest rates at their current levels during the upcoming January meeting.
U.S. stocks close higher amid criminal probe into Fed chair Powell
