FX.co ★ China Stocks Slip for Second Session

On Friday, the Shanghai Composite Index declined by 0.4% to conclude at 3,367, while the Shenzhen Component edged down by 0.07%, settling at 10,180. This marked the second consecutive session of losses for mainland Chinese stocks, as persistent concerns regarding US tariffs maintained pressure on market sentiment. Although the United States has reduced certain tariffs on Chinese imports, analysts caution that the remaining trade barriers continue to pose significant hurdles for China's major export sectors. Adding to the market's unease was a notable decline in Alibaba Group’s shares, which fell more than 4% in Hong Kong following the e-commerce giant's report of quarterly revenue that failed to meet expectations. Investors are now turning their attention to the forthcoming Chinese economic indicators, such as retail sales and industrial production figures, for insights into how trade tensions might be impacting the country's economic growth. Among the notable companies registering losses were East Money (down 1.3%), Contemporary Amperex (down 0.3%), Avic Chengdu (down 1.1%), Guangdong Topstar (down 2.8%), and Kweichow Moutai (down 1.1%).