FX.co ★ China Stocks Slip for Second Session

The Shanghai Composite Index declined by 0.4%, settling below the 3,370 mark, while the Shenzhen Component Index dipped 0.3% to 10,160 points on Friday. This marks the second consecutive session of losses for mainland stocks, driven by ongoing concerns regarding U.S. tariffs that continue to dampen investor confidence. Although the United States has announced reductions on tariffs for certain Chinese goods, analysts warn that the remaining duties continue to strain key Chinese sectors, notably the automobile industry, which relies heavily on exports of vehicles and parts to the U.S. Moreover, Washington's persistent efforts to decrease dependence on Chinese imports suggest that trade tensions are likely to persist, despite current negotiations. Investors are now shifting their focus to the upcoming economic data releases, including retail sales and industrial production figures, to gauge the broader implications of these trade challenges. Among notable declines were East Money, down 1.1%, Yili Chuanning with a 1.6% drop, Contemporary Amperex falling 0.5%, Kweichow Moutai decreasing by 0.8%, and China Merchants Bank slipping by 1.7%.