FX.co ★ China Stocks Rise as US Court Blocks Trump Tariffs

The Shanghai Composite Index increased by 0.4%, surpassing 3,350, while the Shenzhen Component Index advanced by 0.9%, reaching 10,100 on Thursday. This marked the end of a five-day losing streak for mainland stocks, spurred by a U.S. federal court decision that halted President Donald Trump's global tariffs. The U.S. Court of International Trade concluded that Trump overstepped his legal bounds by enforcing these reciprocal tariffs, leading to the cancellation and permanent injunction of such measures. Although the Trump administration is likely to contest the ruling, this represents a significant setback to one of Trump's hallmark trade strategies. Concurrently, the Trump administration directed American companies to cease certain semiconductor software transactions with China, adding new tension to the already fraught U.S.-China trade relationship. Among the standout performers were Rongfa Nuclear, which rose by 4.8%; Eoptolink Technology, up by 4.6%; Jiangsu Zhongchao, gaining 8.9%; Luxshare Precision, climbing by 3%; and Hongbo Co, increasing by 8.8%.