24.04.202507:17:38UTC+00China Stocks Struggle as Trade Worries Linger

On Thursday, the Chinese stock market presented a mixed picture. The Shanghai Composite saw a minute increase of 0.03%, closing at 3,297, while the Shenzhen Component dropped by 0.58% to 9,687. This fluctuation reflects ongoing uncertainty related to trade issues affecting market sentiment. Initially, there was a rise in investor optimism following signals from U.S. President Donald Trump, indicating a potential easing of the stance towards China, coupled with Beijing's tentative willingness to re-engage in trade talks. However, the momentum from this upturn quickly diminished. U.S. Treasury Secretary Scott Bessent dampened expectations for a swift resolution by confirming that no proposals for unilateral tariff reductions have been made and that formal negotiations have yet to commence. This cautious atmosphere resulted in declines among major stocks, such as BYD Company (-1.8%), Lakala Payment (-11.9%), Eoptolink Technology (-1.1%), CNPC Capital (-5.2%), and Luxshare Precision (-2.4%).