Chinese Stocks Mixed Amid Trade Developments

The Shanghai Composite inched down 0.1% to around 3,500 while the Shenzhen Component climbed 0.6% to 10,780 on Thursday, with mainland stocks showing mixed performance as investors continued to monitor ongoing global trade developments. In the latest update, President Trump announced plans to send a uniform tariff letter to over 150 smaller countries, setting a baseline rate for all, while major trading partners like the EU, Japan, and South Korea have already received individual tariff notices ahead of August 1. Meanwhile, Trump has softened his stance on China to secure a summit with Xi Jinping and a trade deal, shifting focus from tough rhetoric to quick purchase agreements amid ongoing trade concerns. Investors now await the People’s Bank of China’s latest loan prime rate decision later this week, with expectations for no change. Among notable movers, top gainers were BYD (1%), Zhongji (1.4%), and Beigene (3.2%), while financial stocks led losses.