24.03.202503:03:16UTC+00China Stocks Struggle Ahead of More US Tariffs

On Monday, both the Shanghai Composite and Shenzhen Component indexes remained largely unchanged, as China's financial markets faced ongoing pressure stemming from the impending deadline set by US President Donald Trump for reciprocal tariffs on April 2. Concurrently, Chinese Premier Li Qiang advocated for increased market openness at the China Development Forum in Beijing, a move seen as vital to counteract escalating global volatility. The forum was attended by notable figures such as US Senator Steve Daines and Apple CEO Tim Cook. In the preceding week, Chinese equities were subject to substantial profit-taking and investor dissatisfaction due to the absence of specific stimulus measures in Beijing’s newly announced special action plan. The performance of mainland stocks was mixed, with companies like Victory Giant, Zijin Mining, and Sunwave Communications experiencing gains of 5.9%, 4%, and 4.6% respectively. In contrast, Talkweb Information, Insigma Technology, and Merit Interactive suffered significant losses, with declines of 4.4%, 7.8%, and 6.6% respectively.