Chinese Stocks Rally Even as Trump Raises Tariffs Today
On Friday, Chinese stock markets saw a surprising rally instead, with the Shanghai composite rising by 3.1%
Arslan Butt•Friday, May 10, 2019•1 min read

Trump’s new tariffs may have kicked in today, but Chinese markets seemed unaffected. On Friday, Chinese stock markets saw a surprising rally instead, with the Shanghai composite rising by 3.1% and the Shenzhen composite increasing by 3.83%.
But, don’t get excited just yet. It could just be a result of market correction and traders shorting their positions ahead of the weekend.
The rest of the Asian markets witnessed a mixed session, with Japan’s NIKKEI225 closing 0.27% lower for the day.
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ABOUT THE AUTHOR
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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