Published on 08/11/2025 at 03:51 am EDT
(MT Newswires) -- Chinese shares rose on Monday ahead of US President Donald Trump's deadline for higher tariffs of Chinese exports and amid flat inflation.
The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.3% to 3,647.55. The Shenzhen Component Index jumped 1.5% to 11,291.43. Both indices were up for a second straight session.
Market investors are focused on the Tuesday deadline for a deal between the US and China that could avert triple-digit tariffs.
Chris Weston, head of research at Pepperstone Group in Melbourne, said the market has already factored in expectations of an extension, noting that a further 90-day truce appears to be the most probable outcome, Reuters reported.
Meanwhile, Chinese consumer prices were flat year over year in July, compared with a 0.1% rise in June and a Reuters forecast of a 0.1% decline.
In company news, BIWIN Storage Technology (SHA:688525) fell to an attributable loss of 225.8 million yuan in the first half from a profit of 283.4 million yuan the previous year. Shares of the memory chip application products manufacturer jumped 5% Monday.
Sumber : Reuters
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