FINWIRES · TerminalLIVE
FINWIRES

China Shares See Mixed Trade at Open as Global Headwinds Continue

By

Chinese stocks opened mixed on Wednesday as equities continued to feel the impact of renewed U.S.-China trade tensions.

The Shanghai Composite Index, the main gauge of Chinese stocks, opened 0.2% lower to 3,881.74. The Shenzhen Component Index rose 0.4% to 13,761.36.

Washington is considering a 7.5% tariff on Chinese goods over excess-capacity concerns, potentially lifting Trump's second-term duties on China to about 20%.

The U.S is also considering expanded sanctions on Iran, with Chinese companies and banks involved in Iran-linked deals also facing potential penalties.

Related Articles

Asia

Qantas Airways Unit to Operate Direct Route Between Melbourne, Sri Lanka

Qantas Airways' (ASX:QAN) Jetstar unit will operate a new direct route between Melbourne in Victoria and Colombo in Sri Lanka, according to a Tuesday statement.The flights run three times a week, on Tuesdays, Thursdays, and Saturdays.Qantas Airways' shares rose past 1% in recent trading on Tuesday.

ASX:QAN
Asia

Shenzhen Longsys Electronics Passes Hong Kong Listing Hearing

Shenzhen Longsys Electronics (SHE:301308) passed its listing hearing with the Hong Kong bourse, paving the way for its proposed secondary offering in the city to proceed, according to a Monday after-hours filing with the Shenzhen Stock Exchange.The semiconductor memory product company plans to use proceeds from the offering to enhance its research and development capabilities, grow its packaging and testing facility in Brazil, boost sales and marketing, fund strategic investments, and for working capital, according to its post-hearing information pack.

SHE:301308
Asia

Hansen Technologies Partners with InvoiceCloud to Integrate Software Products with Digital Payments Platform

Hansen Technologies (ASX:HSN) partnered with InvoiceCloud to integrate its Hansen CIS software products with InvoiceCloud's digital payments platform, according to a Tuesday Australian bourse filing.The firms plan to support bill generation, presentment, payment, and reconciliation for utilities, energy retailers, and local governments across North America.Its shares rose 2% in recent trade on Tuesday.

ASX:HSN