China’s stocks continued to strengthen on Thursday despite the escalating trade dispute between the United States and China.
The Shanghai Composite Index rose 1.16 percent, while the Shenzhen Component Index jumped 2.25 percent. Hong Kong’s Hang Seng Index also advanced 2.06 percent.
The Beijing Stock Exchange 50 Index, which includes mainly small-cap tech stocks, surged 4.86 percent, indicating a broad-based increase of shares on mainland bourses, where 4,768 stocks reported gains and only 382 retreated.
The strong performance came against the backdrop of a surge on Wall Street overnight after US President Trump announced a 90-day pause on certain “reciprocal” tariffs for most countries.
The glaring exception was China, where he raised tariffs to 125 percent from 104 percent, after Beijing imposed an additional 50 percent tariff on US goods, bringing the total to…
