FX.co ★ China Stocks Edge Lower Amid Trade Tensions

The Shanghai Composite Index edged down by 0.05% to settle at 3,287 points, while the Shenzhen Component Index similarly decreased, closing at 9,850 points on Tuesday. This marks the third straight session of declines, influenced by ongoing uncertainties in trade relations between China and the United States. China firmly stated that it is not engaged in any trade discussions with the United States, refuting assertions made by President Donald Trump that he had communicated with President Xi Jinping. US Treasury Secretary Scott Bessent reiterated that the onus was on China to alleviate tensions, citing China's significant trade surplus with the US. During a press conference on Monday, Chinese authorities expressed optimism about reaching the nation's 5% growth target but refrained from unveiling immediate stimulus measures, choosing instead to closely observe the effects of global economic developments. Noteworthy decliners included BYD Company, which fell by 1.4%, Contemporary Amperex, down by 1.2%, and Luxshare Precision, which also saw a decrease of 1.4%.