March 24, 2025 at 03:48 am EDT
(MT Newswires) -- Chinese shares were mixed as investors are cautious over new US tariffs that will be implemented early next month.
The Shanghai Composite Index, the main gauge of Chinese stocks, climbed 0.2%, or 5.20 points, to close Monday's session at 3,370.03. The Shenzhen Component Index marginally rose to 10,695.49.
US President Donald Trump announced that new round of duties will be in effect on April 2.
In response to the upcoming tariffs, Premier Li Qiang said China is ready for potential unexpected shocks, although Trump signaled that there may be some flexibility in his plan.
In corporate news, Sidea Semiconductor Equipment Shenzhen soared 202% at the close of its trading debut, bringing the price of its shares to 157.93 yuan each from the initial public offering price of 52.28 yuan per share.
Moreover, Shenzhen Fenda Technology closed 10% higher after signing a deal with Tsinghua University to develop key components for humanoid robots for 8 million yuan.

Sumber : MT Newswires