FX.co ★ China Stocks Slip as Trade Concerns Linger

The Shanghai Composite index decreased by 0.2%, falling under the 3,500 mark, while the Shenzhen Component dipped slightly by 0.05% to 10,740 on Wednesday. This decline extends the losses observed in the previous session as investors remain concerned about ongoing trade uncertainties. Despite President Donald Trump's assertion that the US would engage with China in a "very friendly fashion," there has been no significant advancement in trade talks. Meanwhile, Trump announced a preliminary trade agreement with Indonesia involving a 19% tariff on its goods and hinted at potential tariffs exceeding 10% for smaller countries. On the domestic front, investors are eagerly seeking policy cues from Beijing as the nation grapples with deflationary pressures and lackluster consumption. Notable declines were recorded by companies such as Victory Giant (down 2.4%), IEIT Systems (down 1.2%), Hebei Changshan (down 3.6%), Suzhou TFC (down 1.7%), and Contemporary Amperex (down 1.2%).