China stocks were tepid on Monday as investors pondered the developments in the simmering China-U.S. trade spat.
At the close, the Shanghai Composite index was up 0.3 percent at 3,138.29, while the blue-chip CSI300 index was down 0.1 percent at 3,852.93. The smaller Shenzhen index ended unchanged for the day and the start-up board ChiNext Composite index was higher by 0.26 percent.
U.S. President Donald Trump predicted on Sunday that China would take down its trade barriers, expressing optimism despite escalating trade tensions between the world’s two largest economies that have roiled global markets in the past week.
Source : Reuters