The Shanghai Composite and Shenzhen Component indexes hovered near the flatline on Monday, as Chinese markets remained under pressure ahead of US President Donald Trump’s April 2 deadline for reciprocal tariffs.
Meanwhile, Chinese Premier Li Qiang called for greater market openness to counter rising global instability at the China Development Forum in Beijing on Sunday, where US Senator Steve Daines and Apple CEO Tim Cook were in attendance.
Last week, Chinese stocks faced widespread profit-taking and disappointment over the lack of stimulus details in Beijing’s recently unveiled special action plan.
Mainland stocks traded mixed, with notable gainers including Victory Giant (+5.9%), Zijin Mining (+4%), and Sunwave Communications (+4.6%).
On the other hand, Talkweb Information (-4.4%), Insigma Technology (-7.8%), and Merit Interactive (-6.6%) posted sharp losses.
