Chinese Shares Continue Rally on Trade Truce, Ample Domestic Liquidity

Published on 08/13/2025 at 03:50 am EDT
(MT Newswires) -- Chinese shares continued to rally on Wednesday as market worries eased following the US-China trade truce and amid ample domestic liquidity.
The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.5% to 3,683.46. The Shenzhen Component Index jumped 1.8% to 11,551.37.
Equities continued to enjoy the boost in market optimism after both the US and China suspended additional tariffs on goods.
Also, Chinese households and funds are investing in stocks as they seek higher returns against a "backdrop of low interest rates, a lack of good investment options and a surplus of liquidity," Bloomberg News cited Fu Zhifeng, chief investment officer at Shanghai Chengzhou Investment Management, a s saying.
Haisco Pharmaceutical Group obtained the approval of China's medical products administrator to conduct clinical trials for its HSK47977 tablets to treat Non-Hodgkin's lymphoma. Shares of the pharmaceutical company closed 6% higher Wednesday.

Sumber : MT Newswires