Chinese Shares Trade Mixed Amid Caution Following Trade Truce; Haiyang Technology Soars 387%
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Chinese shares closed mixed amid caution over a fragile US-China trade truce, with the Shanghai Composite Index slightly up by 0.34 points to 3402.66 and the Shenzhen Component Index down by 0.1% to 10,234.34. The US has set a 55% tariff on Chinese goods, while China imposed a 10% tariff, pending approval from President Xi Jinping. In corporate news, Haiyang Technology surged 387% on its debut on the Shenzhen bourse, trading at 33.00 yuan.
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