China Stocks Retreat on Trade Headwinds
2026-06-04 02:02
By
Czyrill Jean Coloma
1 min. read
The Shanghai Composite fell 0.7% to 4,055 on Thursday, while the Shenzhen Component lost 0.4% to 15,651, with both benchmarks snapping a two-session gain as investors weighed mounting trade tensions involving China.
The US Trade Representative announced plans for additional tariffs of up to 12.5% on imports from 60 trading partners, including China, over alleged failures to prevent imports linked to forced labor, with the measures due to take effect next month.
Adding to trade tensions, the EU introduced the Industrial Accelerator Act and the Cybersecurity Act, measures that could effectively shut some Chinese firms out of parts of the European market.
Beijing vowed retaliatory measures, heightening fears of a wider trade confrontation between the two sides.
Financial stocks led the losses, particularly Commercial Bank of China (-0.8%), Agricultural Bank of China (-1.4%), and China Construction Bank (-1.2%).
CATL (-1.7%), BYD (-2.0%), and Sungrow Power Supply (-1.1%) also declined.