Global Times editor Hu Xijin, followed closely by financial markets due to his perceived links with Chinese authorities, tweeted that top U.S. and Chinese negotiators did not hold talks. "Based on what I know, Chinese and U.S. top negotiators didn't hold phone talks in recent days. The two sides have been keeping contact at technical level, it doesn't have significance that President Trump suggested. China didn't change its position. China won't cave to US pressure," he wrote. U.S. stock futures YM00, +1.18% moved off their highs but were still stronger for the day after the tweet.