From XM Group: 2024-05-15 00:29:43

China’s stocks fall slightly as US imposes new tariffs. President Biden announces increased tariffs on Chinese goods, including EV batteries and computer chips. Market concerned about potential trade retaliation from other countries. Shanghai Composite down 0.17%, CSI300 down 0.27%. Property shares up after reports of government buying unsold homes. Central bank maintains key rate unchanged. Other Asian markets mostly up, yuan slightly firmer at 7.2252 per USD.



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