China Stocks Gain for Second Session

Trading Economics

The Shanghai Composite climbed 0.6% to above 3,880 while the Shenzhen Component gained 1.2% to 12,980 on Tuesday, with mainland stocks rising for the second straight session as easing Sino-US trade tensions continued to support market sentiment.

US President Donald Trump said he expects to reach a fair trade deal with China’s President Xi Jinping during their meeting in South Korea later this month, while trade representatives from both nations are set to meet in Malaysia this week to help defuse tensions.

In corporate news, EV battery giant Contemporary Amperex climbed about 3% after reporting Q3 net profit growth of 41.2% year-on-year, up from 33.7% in Q2 despite intensifying competition.

Meanwhile, Foxconn Industrial jumped 4% after Apple announced strong iPhone 17 sales in both the US and China.

Foxconn is a major manufacturing partner for Apple.

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China Stocks Gain for Second Session

风险披露