FX.co ★ China Stocks Rebound, Snapping Three-Day Decline

On Monday, the Shanghai Composite saw a modest increase of 0.15%, closing at 3,370, while the Shenzhen Component posted a slight gain of 0.07%, ending at 10,695. This upward movement effectively halted a three-day decline for mainland stocks, signaling an improvement in risk sentiment. Market participants maintained a cautious stance in anticipation of the April 2 deadline concerning US President Donald Trump's proposed reciprocal tariffs. However, remarks from Trump hinting at potential flexibility and news of possibly milder measures offered some alleviation. Additionally, Chinese Premier Li Qiang, speaking at the China Development Forum in Beijing on Sunday, emphasized the importance of enhanced market openness to mitigate global instability. The forum was attended by key figures such as US Senator Steve Daines and Apple CEO Tim Cook. Notable gainers during the session included Wolong Electric with a 10% rise, Victory Giant advancing by 5.8%, Beijing Highlander increasing by 6.1%, Zijin Mining up by 2.7%, and Eoptolink Technology climbing by 4.6%.