The Shanghai Composite rose 0.3% to above 3,920, while the Shenzhen Component added 0.1% to 13,130 on Thursday, marking a second straight session of gains amid bets that Beijing would introduce new stimulus to combat deflationary pressures and the impact of higher US tariffs. Premier Li Qiang urged stronger policy efforts to spur consumption and curb unfair market practices. Still, sentiment was tempered by escalating US-China trade tensions as President Donald Trump confirmed the two nations are currently engaged in a sustained trade war. However, US Treasury Secretary Bessent suggested the current trade truce could be extended beyond three months if China suspends plans for strict new export controls on rare earth minerals. Tech shares led the advance, with notable gains in ZTE Corp (6%), Zhongji Innolight (4.7%), and Cambricon Technologies (3.5%).
