Chinese Stocks Cut Five-Day Losing Streak Over Court Ruling on Trump Tariffs
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Chinese stocks ended a five-day losing streak, buoyed by a US court ruling that blocked President Trump's tariffs. The Shanghai Composite Index rose 0.7% to 3,363.45, while the Shenzhen Component Index increased by 1.2% to 10,127.20. The ruling stated Trump exceeded his authority, leading to an appeal from his administration. In corporate news, Anhui Guqi Down and Feather debuted with a 2.9% rise, Staidson BioPharmaceuticals surged 20% on positive trial results, and Feitian Technologies jumped 12.8% after receiving a government subsidy.
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