Apr 22, 2025, 14:53 GMT+7
(MT Newswires) - Chinese stocks offered a mixed picture on Tuesday after Beijing said the US was weaponizing tariffs to pressure other nations from cutting trade ties with China.
The Shanghai Composite Index, the main gauge of Chinese stocks, inched up 0.3% or by 8.32 points to 3,299.76. The Shenzhen Component Index fell 0.4% or by 35.47 points to 9,870.05.
The Commerce Ministry said the US "abused tariffs on all trading partners under the banner of so-called equivalence."
The ministry also said the US forced all other parties to start what they call "reciprocal tariffs" negotiations with them.
Meanwhile, Chinese state-backed funds are halting new investments in US private equity in response to trade tensions with Washington, according to a report by the Financial Times on Monday.
The retreat targets both US-based firms and global buyout groups with American exposure, the report said.
Beijing also intends to sanction some US congressional members, officials and heads of nongovernmental organizations for acting "egregiously on the Hong Kong-related issues," the Foreign Ministry said.
In corporate news, Zhejiang Provincial New Energy Investmentclosed 6% lower after posting a 9.7% decline in 2024 profit to 566.5 million yuan.
Quantum CTEK finished 5% lower as it logged a narrower loss to 20.3 million yuan in 2024 from 41.5 million yuan in the previous year.

Sumber : MT Newswires