FX.co ★ China Stocks Mixed Amid Trade Developments

In Thursday's trading, the Shanghai Composite saw a slight decline of 0.1% to approximately 3,500, while the Shenzhen Component rose 0.6% to 10,780. Mainland stocks presented a varied performance as investors kept a close eye on the evolving global trade landscape. In recent developments, President Trump revealed his intention to issue a standard tariff letter to more than 150 smaller nations, establishing a baseline rate. This comes after individual tariff notifications were dispatched to major trading partners such as the EU, Japan, and South Korea, with a deadline set for August 1. Concurrently, Trump's approach toward China has softened in an attempt to secure a summit with Xi Jinping and facilitate a trade agreement, pivoting from aggressive rhetoric to swift purchase commitments amid persistent trade issues. Investors are now focusing on the People’s Bank of China's forthcoming loan prime rate announcement later this week, with stable rates anticipated. Highlighted among the stocks, BYD advanced by 1%, Zhongji by 1.4%, and Beigene by 3.2%, whereas the financial sector experienced the most significant declines.