China Stocks Struggle for Direction Despite Strong PMI Data
Tuesday, July 01, 2025       09:28 WIB

The Shanghai Composite edged up 0.1% to around 3,448 while the Shenzhen Component lost 0.3% to 10,430 on Tuesday, with mainland stocks lacking clear direction despite a surprise rebound in manufacturing activity.
The latest Caixin survey showed that China's factory activity unexpectedly returned to expansion in June, supported by Beijing's stepped-up efforts to stabilize growth amid higher US tariffs.
On the trade front, Beijing announced on Friday that it had finalized a new agreement with Washington.
Under the deal, China will review export applications for items subject to export control rules, while the US has agreed to roll back several restrictive measures targeting Chinese entities.
Market performance was mixed across sectors.
Notable gainers included North Industries (+3.6%) and Anhui Jianghuai (+3.2%), while major decliners included Cambricon Technologies (-6.1%)

Sumber : tradingview.com

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