Chinese Stocks Rally Even as Trump Raises Tariffs Today
Arslan Butt • 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.