FX.co ★ China Stocks End Mixed as Initial Trade Optimism Fades

Chinese stocks presented a mixed outcome on Tuesday. The Shanghai Composite saw a slight increase of 0.17%, reaching 3,375, while the Shenzhen Component fell by 0.13%, settling at 10,288. Investor sentiment grew cautious as initial optimism from the recent US-China trade détente began to dissipate. This lukewarm market activity followed successful negotiations over the weekend in Switzerland, where China and the US mutually agreed to reduce certain tariffs to 10% and 30%, respectively, for a designated 90-day period, indicating a temporary relief in trade tensions. As both nations are anticipated to reconvene in the forthcoming weeks to explore a more comprehensive trade agreement, uncertainty lingers about developments beyond this 90-day timeframe. Noteworthy gainers in the market included Eoptolink Technology, which advanced by 2.7%, Talkweb Information with an uptick of 2.6%, and Guangdong Topstar rising by 2.3%. In contrast, notable declines were seen in Avic Chengdu, which fell by 7.4%, Shijiazhuang Changdon, down 2.3%, and China CSSC Holdings, which decreased by 4.5%.