Chinese equities mixed despite strong trade data

Chinese equities ended mixed on Tuesday, despite strong trade data highlighting continued external demand. The Shanghai Composite gained 0.20% to close at 3,940.6, while the Shenzhen Component declined 0.52% to 13,703.2.

Chinas exports rose 25% annually to USD 401.4 billion in August, accelerating from 23.9% growth in July. Imports also increased sharply by 28.2% to USD 282.4 billion, marking the eighth consecutive month of double-digit growth. The trade surplus widened to USD 119.1 billion from USD 101.1 billion a year earlier.

However, trade tensions remained a concern, with the US continuing to push China to reduce trade imbalances. Tensions with the EU are also increasing ahead of the October deadline to address trade disparities.

Sector-wise, energy stocks performed well, with PetroChina, CNOOC and China Petroleum & Chemical gaining 2.54%, 3.83% and 4.10%, respectively. In contrast, CATL, Suzhou Dongshan Precision and Hangzhou Hikvision Digital Technology declined 3.65%, 2.17% and 3.50%, respectively.

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