Published on 05/08/2025 at 03:56
(MT Newswires) -- Chinese shares rose on a third day as investors remain optimistic over talks between China and the US that will be held this week.
The Shanghai Composite Index inched 0.3% higher, or 9.33 points, to finish Thursday's session at 3,352.00. The Shenzhen Component Index rose 0.9%, or 93.53 points, to 10,197.66.
Officials from both countries are expected to meet in Switzerland to mitigate trade tensions. The talks will be held from Friday, May 9, until May 12, Monday.
Moreover, sentiment is still uplifted after China's central bank announced a series of measures, including key rate cuts, that will lessen the pressures brought by external factors.
In corporate news, Xiamen Sunrise Group jumped 10% after the US Department of Commerce rejected a petition to extend anti-dumping duties to steel wheels produced by the company's Vietnamese subsidiary.
Moreover, Shenzhen Sunxing Light Alloys Materials closed 3.5% higher amid plans to set up a 500 million yuan partnership fund dedicated to its unit, Sunxing Light Alloy Materials (Luoyang).

Sumber : MT Newswires