Chinese Stocks Close Mixed As Trump-Xi Call Optimism Wanes Following Row With Musk – marketscreener.com
From Google: 2025-06-06 03:54:00
- Chinese stocks closed mixed as optimism from Trump-Xi call waned after Musk’s row. The Shanghai Composite fell 0.98% to 3,383.32, while the Shenzhen Component rose 0.25% to 13,397.93. Investors are cautious amid ongoing trade tensions and uncertainty surrounding Tesla CEO Elon Musk’s recent controversies.
- The Hang Seng Index in Hong Kong dropped 0.63% to 25,976.24, reflecting broader market sentiment. The tech sector faced pressure after reports of Trump-Xi call optimism fading. Investors are closely monitoring developments in US-China relations and their impact on global markets.
- Tesla CEO Elon Musk faced backlash for his controversial comments, adding to market volatility. Chinese stocks reacted to the uncertainty, with mixed performances across key indices. Investors are bracing for potential market fluctuations amid geopolitical tensions and corporate leadership controversies.
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