China Stocks Rise Despite Weak Data, Trade Tensions
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China's Shanghai Composite rose 0.2% to above 3,350, and the Shenzhen Component gained 0.1% to 10,050, despite weak economic data and trade tensions with the US. A private survey indicated a contraction in China's manufacturing activity, with a decline in new export orders. Trade tensions escalated after China rejected US accusations of violating a trade agreement. However, investor sentiment remained optimistic amid speculation of a potential phone call between Trump and Xi Jinping. Notable gainers included Shenzhen Forms (up 14.4%) and Ourpalm Co (up 14.7%).
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