April 15, 2025 at 03:37 am EDT
(MT Newswires) -- Chinese shares were mixed as Beijing downplayed the extended tariffs being planned by the US.
The Shanghai Composite Index, the main gauge of Chinese stocks, rose marginally to close Tuesday's trade at 3,267.66. The Shenzhen Component Index lost 0.3%, or 26.20 points, to 9,858.10.
China is not alarmed over US President Donald Trump's plan to slap tariffs on semiconductors and all electrical products, as customs officials said that "the sky won't fall" for China's export during a press conference.
In corporate news, Trust Chemclosed 10% higher than its initial offering price of 12.80 yuan per share at the finish of its trading debut on the Shenzhen bourse.
Moreover, Hefei Lifeon Pharmaceutical closed 10% after obtaining a drug registration from China's drug administrator for its methylphenidate hydrochloride extended-release tablets, a first-class psychotropic substance mainly used to treat attention deficit hyperactivity disorder.
Sumber : MT Newswires
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