FX.co ★ China Stocks End Week Higher on Tariff Relief

On Friday, the Shanghai Composite dipped slightly by 0.07% to conclude at 3,295, while the Shenzhen Component saw a modest increase of 0.39%, finishing at 9,917. Despite a mixed trading day, both indices ended the week on a positive note, buoyed by investor optimism regarding a potential easing of US-China trade tensions. This sentiment was fueled by US President Donald Trump's statements affirming ongoing trade discussions with China, despite Beijing's claims to the contrary. In a positive development, China is reportedly considering suspending its 125% tariff on certain US goods, which could further reduce trade hostilities. Furthermore, the Governor of the People's Bank of China, Pan Gongsheng, announced the central bank's commitment to a "moderately loose" monetary policy to provide economic support, while also cautioning about the global impacts of tariffs. Notably, Talkweb Information and Satellite Chemical were among the top gainers, each climbing 10%, along with Eoptolink Technology, which advanced by 5.3%.