Shares in Shanghai rose at the open on Wednesday as mainland investors returned from a week-long break to the start of a fresh China-US trade standoff and news of a new chatbot launched by Chinese startup DeepSeek.
The Shanghai Composite Index climbed 0.60 percent, or 19.56 points, to 3,270.16, while Hong Kong’s Hang Seng Index rose 0.18 percent, or 37.81 points, to 20,827.77.
Traders appeared broadly unmoved by news that the global economic superpowers were again embroiled in a trade row after Beijing retaliated against US President Donald Trump imposing levies on a range of goods from China.
Hopes that the two sides could reach a deal to avert another standoff — following a painful row during Trump’s first term — were boosted when the US president said he would speak to leaders in Beijing.
However, there has been no news of a deal by Wednesday morning.
The developments came after last week’s market turmoil — when Chinese…
