FX.co ★ China Stocks Wobble as Tariff Concerns Linger

On Wednesday, the Shanghai Composite experienced a modest gain of 0.3%, surpassing the 3,590 mark, while the Shenzhen Component saw a slight decline of 0.1%, settling at 11,090. Mainland stocks presented a mixed outlook amid continuing uncertainty surrounding US-China trade relations. US Treasury Secretary Scott Bessent announced that representatives from both nations are set to convene in Stockholm next week to discuss the possibility of extending the trade negotiation period. Beijing has committed to lifting its export ban of rare earth metals and magnets to the United States. In exchange, Washington will resume the exportation of semiconductor design software, production materials, and commercial aircraft engines to China. Market participants are now turning their attention to the upcoming data on China's industrial profits, expected this weekend, in search of further clarity on how domestic companies are navigating ongoing tariff challenges. Notably, shares of China Northern Rare Earth rose 3.1%, Inner Mongolia surged 5.9%, and Wolong Electric gained 4.4%, driven by optimism regarding the potential easing of trade restrictions.