Chinese Shares Mixed Following Lunar New Year Holidays Amid Rising China-US Trade Conflict
Wednesday, February 05, 2025       14:55 WIB

Feb 5, 202514:48GMT+7
(MT Newswires) - Chinese shares were mixed on Wednesday after returning to trade from the Lunar New Year holidays, as the market weighed the impact of the rising trade conflict between the US and China.
The Shanghai Composite Index, the main gauge of Chinese stocks, was down 0.7% to 3,229.49. The Shenzhen Component Index ticked up 8.16 points to 10,164.22.
China has filed a complaint against the US with the World Trade Organization over the latter's imposition of a 10% tariff on Chinese products. China also retaliated with tariffs of up to 15% on some US products, imposed sanctions on Calvin Klein maker PVH and biotech firm Illumina, and launched a probe into Google over alleged antitrust violations.
Meanwhile, the US is considering whether to place Chinese e-commerce giants Shein and Temu on the Department of Homeland Security's forced labor list. Both Shein and Temu deny any involvement in forced labor.
In company news, BAIC BluePark New Energy Technology600733subsidiary Beijing Auto BluePark New Energy Technology logged significant jumps in production and sales in January. Shares of the automaker closed 3% higher Wednesday.

Sumber : MT Newswires