Chinese Stocks Extend Rally Following Favorable Trade Data; Swancor Surges 20%

Published on 08/05/2025 at 03:46 am EDT
(MT Newswires) -- Chinese stocks rose for a second straight session on Tuesday after the services sector posted the fastest growth in 14 months.
The Shanghai Composite Index, the main gauge of Chinese stocks, grew 1% or by 34.29 points to 3,617.60 points. The Shenzhen Component Index increased 0.6% or by 65.40 points to 11,106.96.
The S&P Global China General Services Business Activity Index rose to 52.6 in July from 50.6 in Jun on the heels of an increase in foreign demand, employment, and business confidence, according to data released Tuesday.
Investors are also monitoring whether US President Donald Trump will extend a trade truce with China, set to expire Aug. 12, Reuters reported separately the same day.
"The key swing factor will be the outcome of the U.S.-China trade negotiations," Reuters quoted UOB analysts as saying.
On the corporate front, Swancor Advanced Materials surged 20% during the close of trading on Tuesday, despite forecasting a 33% decline in its first-half profit.

Sumber : MT Newswires