China Stocks Gain After Trade Truce Extension

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The Shanghai Composite rose 0.2% to above 3,650, while the Shenzhen Component added 0.15% to 11,308 on Tuesday, with both indexes hitting multi-month highs after the US-China trade truce was extended for another 90 days to allow more time for negotiations.
Markets also digested news that Nvidia and AMD will share 15% of revenue from certain chip sales to China with the US government.
Meanwhile, President Donald Trump recently urged China to significantly boost US soybean purchases to help narrow the trade deficit.
Technology stocks led gains, with notable advances from Anhui Greatwall (+5.1%), Beijing Teamsun (+2.2%), Victory Giant (+4%), Fujian Furi Electronics (+6.1%) and Eoptolink Technology (+1.6%).

Sumber : tradingview.com

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