As China’s mainland equity markets reopened after the Lunar New Year break, investors returned to a markedly different global backdrop. A US Supreme Court ruling against former president Donald Trump’s reciprocal tariff regime has eased trade pressure on Chinese exporters, reducing average levies and injecting fresh momentum into sentiment.
The immediate market reaction was clear. Shanghai’s benchmark rose more than 1 per cent on reopening, while Hong Kong’s Hang Seng China Enterprises Index jumped over 2 per cent, led by heavyweight technology names including Alibaba Group and Tencent Holdings.
But beyond the short-term bounce lies. . .
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