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2025-08-01 13:10:01
A-shares fell slightly in early trading, with tariffs having limited impact as the market awaits a US-China agreement. 1. Chinese stocks fell modestly in early trading on Friday, with the Shanghai Composite Index closing down 0.2% at 3566.55 points and the CSI 300 Index down 0.3%. The US decision to impose new tariffs on dozens of countries triggered widespread weakness in Asian markets, but the Chinese market reacted relatively restrainedly. Analysts noted that the tariff rate of 15%-19% was largely in line with expectations, and that signals that China and the US were nearing a trade deal eased market concerns. 2. The market underwent a structural adjustment, with the communications sector performing weakly. The CSI 5G Communications Thematic Index fell 1.9%, and ZTE's A-shares closed down 1.1%. In contrast, some sectors benefiting from trade expectations remained resilient. Investment institutions believe that the market is currently more focused on the progress of the US-China negotiations, and the US Treasury Secretary's statement that the negotiations were "close but not finalized" has prompted investor caution. 3. Morningstar analysts noted that while the 90-day extension of US-China negotiations may indicate disagreements, progress in key areas such as controlling fentanyl exports and rare earth issues could still contribute to a deal. Market insiders said that against the backdrop of weak manufacturing data, a breakthrough in the negotiations would significantly improve market sentiment. Investors are currently closely watching the subsequent negotiation dynamics to determine the market trend.
