The Shanghai Composite rose 0.4% to around 3,250 while the Shenzhen Component gained 0.7% to 9,905 on Monday, with mainland stocks climbing for the fifth straight session as US President Donald Trump exempted key technology products from his reciprocal tariffs.
The exemptions apply to items heavily manufactured in China, including smartphones, computers, semiconductors, solar cells, and flat-panel displays.
However, US Commerce Secretary Howard Lutnick warned that these products could face separate new levies within the next two months.
President Trump also clarified that the exempted items are still subject to the existing 20% Fentanyl Tariffs.
China’s Commerce Ministry welcomed the exemptions as a “small step,” but called on the US to fully abolish the broader 145% levy on Chinese goods.
Tech shares led the advance, with strong performances from Luxshare Precision (+2.0%), Goertek (+3.5%), Zhongji Innolight (+6.4%), Shanghai Belling (+4.4%), and Lens Technology (+3.0%).
