Mumbai, April 11 -- Chinese stocks stayed supported in cautious trades. China's Shanghai Composite index rose 0.45 percent to 3,238.23. Hong Kong's Hang Seng index added 1.13 percent to 20,914.69. Volatility is set to persist in near term as the trade worries continue to linger around. China has escalated the trade war by raising tariffs on US goods to 125% from 84%. According to media reports, the Customs Tariff Commission declared that US products are no longer marketable in the mainland and said it will ignore any future tariff hikes from Washington. This comes after the White House confirmed that total US tariffs under Trump's second term now stand at 145%. In response, Beijing unveiled new countermeasures, including higher duties on ...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.