Chinese stocks rose on Wednesday, after the world’s two largest economies agreed to de-escalate trade tensions following a two-day meeting in London.

Stocks stood flat to modestly higher as investors focused on U.S.-China trade talks and data showing a modest recovery in sentiment at smaller U.S. businesses.

Global stocks climbed on Monday while the dollar retreated as talks began in London between the United States and China, aimed at cooling a trade dispute between the world's two largest economies. The trade dispute has expanded beyond tit-for-tat tariffs to restrictions over rare earths,