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Tale Of Two Markets: Chinese Stocks Slump As US Shares Soar

by Daily Caller News Foundation
May 13, 2025 at 6:23 pm
in News, Wire
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Tale Of Two Markets: Chinese Stocks Slump As US Shares Soar
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Daily Caller News Foundation

Chinese stocks declined Monday as U.S. markets surged, highlighting growing investor concern over Beijing’s slowing economy and the impact of President Donald Trump’s tariffs.

Chinese shares dropped more than 2% amid signs that China’s government may hold back additional economic stimulus after Trump paused the 145% tariffs he implemented on the country for 90 days, Bloomberg reported. The Hang Seng Index — which tracks major Chinese companies listed in the Hong Kong Stock Exchange — fell 2%, while the Hang Seng Tech Index dropped 3.3%.

Export-heavy companies led the sell-off. Sunny Optical Technology Group and BYD Electronic International both plunged more than 7%, according to the South China Morning Post. E-commerce giant JD.com declined 2.1%, while Alibaba slid 3.9% and Tencent fell 2.2%.

The decline “reflects worries that Chinese policymakers would have less incentive to push through higher fiscal spending or enact more stimulus,” according to analysts who spoke to Bloomberg.

“The weekend’s outcome significantly reduces the probability of China’s fiscal stimulus in the third quarter,” Claire Huang, a strategist at Amundi Investment Institute, told SCMP.

Other analysts were worried at the prospect of Trump restarting the tariffs.

“There is still uncertainty as to whether there will be any back and forth in the 90-day buffer period,” Shen Meng, a Chinese investment banker, told Bloomberg.

China’s government recently attempted to prop up its faltering economy by cutting interest rates and lowering mortgage payments. The country’s export sector, which employs over 16 million people, saw new orders fall to the lowest level since 2022. Cargo shipments to the U.S. collapsed 60%, the services sector hit a seven-month low, and the nation’s six largest banks reported first-quarter profits down nearly $2 billion from last year.

Meanwhile, Wall Street soared on the heels of the 90-day trade truce between the U.S. and China. The Nasdaq jumped 4.3%, the S&P 500 climbed 3.2%,  and Dow Jones Industrial Average spiked 2.8%, signaling renewed investor confidence in the U.S. economy.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

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