FX.co ★ China Stocks Mixed Ahead of Key Trade Data

On Monday, the Shanghai Composite Index edged up by 0.3%, surpassing the 3,520 mark, while the Shenzhen Component Index experienced a slight decline of 0.1%, settling at 10,685. The mixed performance of mainland stocks reflected investor caution as they awaited forthcoming trade data, which could provide insights into the impact of the evolving trade relations between the US and China. Additional key economic indicators, such as gross domestic product, industrial production, and retail sales, are slated for release on Tuesday. Investor sentiment was further influenced by global geopolitical dynamics following the announcement by US President Donald Trump of a 30% tariff on imports from the European Union and Mexico, set to take effect on August 1. In response, the European Union is reportedly intensifying negotiations with other affected nations, including Canada and Japan, considering coordinated trade measures.