Chinese Shares Rise Following Suspension of Export Curbs; Zhejiang Taotao Vehicles Down 6%

Published on 11/03/2025 at 02:34 am EST
(MT Newswires) -- Chinese shares rose on Monday as the country agreed to suspend its rare earth curbs to Europe and the U.S.
The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.6% to 3,976.52. The Shenzhen Component Index edged up 0.2% to 13,404.06.
China suspended its rare earth export controls to Europe amid talks aimed at smoothing trade tensions between the Asian country and the European Union.
Also, China agreed to suspend the implementation of the rare earth export curbs to the U.S. as part of a deal between presidents Xi Jinping and Donald Trump. The trade deal was reached when the two met in South Korea last week.
On the economic front, the expansion of China's manufacturing sector slowed in October as export orders fell. The RatingDog China General Manufacturing Purchasing Managers' Index declined to 50.6 last month from 51.2 in September.
In company news, Zhejiang Taotao Vehiclessubmitted documents for a share offering on the Hong Kong Stock Exchange. Shares of the low-speed electric vehicle manufacturer closed 6% lower Monday.

Sumber : MT Newswires