FX.co ★ China Stocks Gain After Trade Truce Extension

The Shanghai Composite Index saw an increase of 0.2%, climbing to over 3,650, while the Shenzhen Component Index rose by 0.15% to reach 11,308 on Tuesday. Both indices achieved multi-month peaks following the extension of the US-China trade truce by an additional 90 days, allowing more time for ongoing negotiations. Investors were also absorbing recent announcements that Nvidia and AMD will allocate 15% of their revenue from specific chip sales in China to the US government. Additionally, President Donald Trump has recently pressed China to substantially increase its purchases of US soybeans as part of efforts to reduce the trade deficit. The technology sector experienced strong gains, highlighted by significant advances from Anhui Greatwall, which rose by 5.1%, Beijing Teamsun with a 2.2% increase, Victory Giant growing by 4%, Fujian Furi Electronics climbing by 6.1%, and Eoptolink Technology up by 1.6%.