Chinese Foreign Minister Wang Yi met with Le Hoai Trung, special envoy of General Secretary of the Communist Party of Vietnam (CPV) Central Committee To Lam, in Beijing on Tuesday.
Wang, also a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, offered his congratulations on the success of the 14th National Congress of the CPV.
Wang said that China is willing to work with Vietnam to follow the important consensus reached between the top leaders of the two parties and countries, grasp the strategic nature of bilateral relations, enhance the mutual benefits of bilateral cooperation, and highlight the particularity of the China-Vietnam friendship.
China is also ready to continuously promote the construction of a China-Vietnam community with a shared future, he said.
Trung, a member of the Political Bureau of the CPV Central Committee and minister of foreign affairs of Vietnam, said that Vietnam has always regarded its relations with China as its top priority and strategic choice, and adhered firmly to the one-China policy.
Vietnam anticipates the joint elevation of the comprehensive strategic cooperative partnership between Vietnam and China, he added.
Chinese FM meets special envoy of Vietnam's To Lam
The stock market of the Republic of Korea (ROK) stocks rebounded Tuesday after suffering a massive sell-off in the previous day, showing a dramatic rollercoaster session that triggered a sidecar for the second consecutive day.
The benchmark Korea Composite Stock Price Index (KOSPI) soared 338.41 points, or 6.84 percent, to hit a new closing high of 5,288.08, marking its biggest single-day gain in six years.
The Korea Exchange said the buy-side sidecar was activated at 09:26 local time, marking the first such move in about 10 months since April 10 last year.
Under exchange rules, a KOSPI buy-side sidecar is triggered when the KOSPI 200 futures rise more than 5 percent from the base price for at least one minute, temporarily suspending program buying orders for five minutes.
At the time of activation, KOSPI 200 futures jumped 5.05 percent from the previous session to 759.15.
The KOSPI plummeted 5.26 percent in the previous day on Monday.
Bargain hunters focused on blue-chip stocks amid the diverged interpretations over the monetary policy stance of Kevin Warsh, who was nominated as the next chair of the U.S. Federal Reserve.
A sell-side sidecar was activated on Monday as the nomination of Warsh was seen as a signal for hawkish monetary policy in the United States.
The sidecar refers to a temporary halt of program trading orders for five minutes that is triggered when the KOSPI 200 futures rise or fall by more than 5 percent to prevent panic buying or selling.
ROK stocks rebound after massive sell-off
