A series of agreements were negotiated between US President Joe Biden and his Chinese counterpart, President Xi Jinping, to stabilize their relationship, which has been marked by economic rivalry and challenges in the diplomatic and military spheres. However, traders saw only modest progress in the strained ties. On Money in the Market, Hongbin Jeong speaks to John Cheng, Asia Stocks Reporter at Bloomberg, to find out how markets reacted to this much-anticipated meeting between the two leaders.