On Tuesday, the Shanghai Composite Index edged up by 0.2% to approximately 3,870, while the Shenzhen Component Index similarly increased by 0.2% to reach 13,030. These gains marked a rebound from losses in the previous session, fueled by optimistic developments in the US-China trade talks taking place in Spain. Leaders from both nations, including US President Donald Trump and Chinese President Xi Jinping, are set to engage in discussions on Friday to finalize the agreement terms. Additionally, discussions included the divestment of the Chinese-owned company TikTok, with US Treasury Secretary Scott Bessent indicating that commercial terms have been agreed upon.
Chinese stock markets mirrored the upward trend seen in global markets, as investors anticipated a rate cut from the US Federal Reserve anticipated later this week. Technology stocks were at the forefront of gains, with notable increases seen in shares of Victory Giant, which rose by 7.2%, Dawning Information by 8.4%, Hygon Information by 6.7%, Zhongji Innolight by 1.1%, and Cambricon Technologies up by 1.5%.
