FX.co ★ China Stocks Rise on Hopes of Extended Trade Truce

On Wednesday, the Shanghai Composite Index saw a modest rise of 0.1% to approximately 3,620 points, while the Shenzhen Component Index also edged up by 0.1%, settling at 11,120 points. This marks the third consecutive session of gains for stocks in mainland China, fueled by increasing optimism surrounding trade negotiations between the United States and China. President Donald Trump announced the potential of a trade agreement, which aims to prolong the existing truce set to expire on August 12, stating that it is "very close." Additionally, Trump mentioned plans to meet with Chinese President Xi Jinping following the conclusion of the negotiations, likely before the end of the year. Investors are also closely monitoring upcoming trade and inflation data from China to gain further insights into how evolving trade dynamics are influencing the domestic economy. Among the day's top-performing stocks were China CSSC, which surged 9.1%, Victory Giant with a 3.5% rise, and Shenzhen Envicool, which climbed 6.6%.