China markets' bright mood tested as Trump targets tech, shipping

Investors given 'wake-up call' on superpower confrontation, economist says

20250225 China stock

Chinese markets have been on a roll, but U.S. President Donald Trump's administration threatens to dampen the mood with restrictions on technology investment as well as steep new shipping fees. (Nikkei montage/Source photo by AP)

KENJI KAWASE

HONG KONG -- The recent upbeat mood in the Chinese stock markets faces a durability test as U.S. President Donald Trump squeezes pressure points besides tariffs -- including technology investments and shipping.

Hong Kong's benchmark Hang Seng index opened Tuesday with a 2.7% drop from the previous day, before regaining some ground and closing down 1.32%. The CSI 300 -- the composite index of blue chips in Shanghai and Shenzhen -- started 0.9% lower and saw its decline deepen to 1.11% by the day's end. The Hang Seng Tech Index initially fell more than 4% before ending with a 1.57% decline.

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