Shanghai Composite rises 0.3% as Chinese stocks await trade data

  • Shanghai Composite rose while Shenzhen Component fell as investors awaited China’s trade data.
  • Exports are forecast to grow 25% in August, compared with 23.9% in July.
  • Beijing announced preliminary anti-dumping measures on Japanese semiconductor-production chemical imports.

Chinese equities delivered a mixed session on Tuesday as investors took a cautious approach ahead of trade data due later in the day. The Shanghai Composite rose 0.3% to 3,945, while the Shenzhen Component fell 0.3% to 13,731. Economists expect August exports to grow 25% year-on-year, up from 23.9% in July, and imports to expand 30%, compared with 27.5% previously. Risk appetite was also weakened after Beijing announced preliminary anti-dumping measures on Japanese imports of a chemical used in semiconductor production. The action adds to retaliatory measures associated with the ongoing Taiwan-related dispute between China and Japan. Zijin Mining Group, China Petroleum and Chemical Corporation, and China CITIC Bank gained, while CATL, Weichai Power, and Muyuan Foods Group declined.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.