China Stocks Drop on Renewed Trade War Fears
2025-10-14 07:12
By
Jam Kaimo Samonte
1 min. read
The Shanghai Composite fell 0.62% to close at 3,865 while the Shenzhen Component dropped 2.54% to 12,895 on Tuesday, reversing gains from earlier in the session as renewed fears of a prolonged US-China trade conflict rattled markets.
China announced restrictions on five US units of Hanwha Ocean in retaliation for Washington’s investigations into Chinese maritime, logistics, and shipbuilding sectors.
Further heightening tensions, both nations began imposing additional port fees on ocean shipping firms, though Beijing exempted domestically built vessels.
Still, President Donald Trump is expected to meet Chinese President Xi Jinping in South Korea later this month in an effort to ease hostilities.
Technology, materials, and clean energy shares led the decline, with Eoptolink Technology, ZTE Corp, Zhongji Innolight, Contemporary Amperex, and China Northern Rare Earth sliding between 1.5% and 9%.