The Shanghai Composite gained 0.6% to climb above 3,900 on Tuesday, ending a two-day losing streak amid signs of easing US-China trade tensions, with both sides indicating readiness to restart negotiations. US Treasury Secretary Scott Bessent said Monday that President Donald Trump remains on course to meet Chinese President Xi Jinping in South Korea later this month as both nations seek to defuse tensions over tariffs and export controls. China’s commerce ministry also defended its rare earth export measures, saying the US had been given advance notice and emphasizing that the restrictions are not a ban but are aimed at safeguarding national security and stabilizing global supply chains. Materials and clean energy stocks led the rally, with China Northern Rare Earth, Inner Mongolia Baotou Steel, Sungrow Power, and Longi Green Energy advancing between 1% and 9.5%.
