The Shanghai Composite rose 0.6% to above 3,280 while the Shenzhen Component gained 0.1% to 10,430 on Tuesday, with mainland stocks recovering losses from the previous session amid hopes that Beijing would implement more stimulus measures to support economic growth and mitigate the impact of escalating US tariffs.
However, sentiment remained cautious as US President-elect Donald Trump announced plans to impose an additional 10% tariff on all Chinese goods entering the US. Notable performers included East Money Information (+1.5%), Guangdong Dongfang (+2.3%), Zhejiang Jinke (+4.6%), Everbright Securities (+6%), and Hithink Royalflush (+3.1%).
In corporate news, Fitch Ratings maintained a neutral outlook on the Asia-Pacific securities sector, which encompasses Chinese securities firms, citing potential upside from fixed-income revaluations amid expected domestic rate cuts.
Source: Trading Economics
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