The Shanghai Composite Index rose 0.26% to close at 3,276 on Wednesday, marking its seventh consecutive session of gains as investors reacted positively to a string of upbeat economic data.
China’s economy grew faster than expected in the first quarter, bolstered by continued policy support.
March figures for retail sales, industrial production, and fixed asset investment all exceeded market forecasts, reinforcing optimism around the country’s recovery momentum.
However, gains were tempered by renewed US-China trade tensions.
President Donald Trump ordered a probe into potential new tariffs on critical mineral imports, many of which are sourced from China, triggering concerns about a further escalation in the ongoing trade dispute.
Beijing continued to push back against Trump’s “trade bullying” as China braces for the full impact of US tariffs.
Among the session’s top performers were Cambricon Technologies (+4.2%), Ofilm Group…
