Shanghai Composite Index rises above 3500 points again, now up 0.2%
ByAinvest
Wednesday, Jul 9, 2025 9:55 pm ET1min read
Shanghai Composite Index rises above 3500 points again, now up 0.2%
The Shanghai Composite Index (SSE) climbed above 3500 points, gaining 0.2% to close at 3480 points on Tuesday, July 2, 2025. This rebound follows a session of losses and comes amidst a backdrop of evolving US-China trade relations and new tariff announcements by US President Donald Trump [1].Trump unveiled new tariff rates on 14 countries, including Mexico, Canada, and several European nations, which removed some uncertainty from the market. The tariff rates were announced as part of the US administration's strategy to address trade imbalances. Notably, China was not on the latest tariff list, but Trump warned of an additional 10% levy on countries aligning with the "Anti-American policies of BRICS" [1].
Domestically, Chinese investors are looking ahead to key inflation and trade data due later this week, which could provide insights into the broader economic impact of the evolving US-China trade relations. The technology sector led the gains, with notable advances from Foxconn Industrial (+8.9%), Victory Giant (+7.6%), Eoptolink Technology (+4.4%), Zhongji Innolight (+3.2%), and Tansun Technology (+15%) [1].
The Shanghai Composite index has been supported by recent developments, including the lifting of recent export license requirements for chip design software sales in China by the Trump administration. This move has bolstered investor sentiment, contributing to the benchmark index hitting a seven-month high [2].
Overall, the Shanghai Composite Index's performance reflects a mix of geopolitical developments and domestic economic indicators, with investors remaining cautiously optimistic about the future of the Chinese equity market.
References:
[1] https://www.tradingview.com/news/te_news:468461:0-china-stocks-rise-as-trump-unveils-new-tariff-rates/
[2] https://www.business-standard.com/markets/capital-market-news/chinese-stocks-edge-up-to-seven-month-high-125070300945_1.html
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