torsdag 10. april 2025

Chinese stocks open higher Thursday morning, with nearly 5,000 companies rallying strongly

The Chinese stock market rallied strongly on Thursday morning. In the A-share market, the Shanghai Composite Index opened 1.29 percent higher, the Shenzhen Component Index opened 2.29 percent up, and the ChiNext Index soared 3.35 percent at the market opening.

The rally comes after China responded with a raft of measures on Wednesday, including lifting the additional tariffs on goods imported from the US to 84 percent, and adding a number of US companies to its export control list and the unreliable entity list, following the US' imposition of 104-percent tariffs on Chinese goods. The trading volume of the Shanghai and Shenzhen stock markets exceeded 500 billion yuan ($68.03 billion) as of 9:51 am, an increase of nearly 30 billion yuan from the previous trading session, market data showed.