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As on : 31-Mar-2025
Market Commentary - Foreign Markets
31-Mar-2025     17:45

China stocks at three week low

Chinese stocks eased today, adding to recent slide amid broad worries over global trade scenario. Sentiments in Asian stocks were weak as investors braced for U.S. President Donald Trump's reciprocal tariffs beginning April 2. The benchmark Shanghai Composite Index ended down half a percent at 3335.75 ' testing its lowest in around three weeks. The Hang Seng index also saw considerable selling amid pressure on tech stocks and ended down 1.31% at 23119 ' also nearing three week low. Meanwhile, latest data showed that China's official purchasing managers' index (PMI) rose to 50.5 in March from 50.2 a month prior, according to the National Bureau of Statistics (NBS), the highest reading since March 2024.

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