China Stocks Rise After Long Break
2026-02-24 02:11
By
Jam Kaimo Samonte
1 min. read
The Shanghai Composite climbed 0.87% to close at 4,117, while the Shenzhen Component gained 1.36% to 14,292 on Tuesday, recovering losses from the last session as Chinese markets reopened after the extended Lunar New Year holiday.
Optimism over potentially lower US tariffs supported the rally after the US Supreme Court struck down President Donald Trump’s reciprocal tariffs, offsetting the impact of another AI-driven selloff on Wall Street.
Even with Trump threatening to raise global tariffs from 10% to 15% in response to the ruling, China is still expected to face lower average levies on its goods.
Domestically, the People’s Bank of China held its 1- and 5-year loan prime rates steady at 3% and 3.5%, respectively, for the ninth consecutive month.
Technology and AI stocks led gains, with notable moves from Zhongji Innolight (4.3%), Suzhou TFC (12.7%), Range Intelligent (13.5%), Eoptolink Technology (1.6%) and Giga Device Semiconductor (4.7%).