Chinese Stocks Rally Even as Trump Raises Tariffs Today - Forex News by FX Leaders

Chinese Stocks Rally Even as Trump Raises Tariffs Today

Posted Friday, May 10, 2019 by
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.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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