China Shares Mixed Over Geopolitical Tensions

MT Newswires Live01-14

Chinese shares were mixed over various geopolitical tensions, especially on Washington's threat on potential new tariffs on nations that do business with Iran.

The Shanghai Composite Index slipped 0.3%, or 12.66 points, to close Wednesday's trade at 4,126.09. The Shenzhen Component Index added 0.6%, or 79.20 points, 14,248.60.

In a social media post, U.S. President Donald Trump warned countries doing business with Iran will be imposed with a 25% tariff.

Meanwhile, investors are also watching for the possibility of Japan holding a snap election for the lower house on Feb. 8.

In corporate news, Deppon Logistics (SHA:603056) soared 10% following news that its actual controller, JD Logistics (HKG:2618), will delist it from the Shanghai bourse.

Zhejiang Zhongjian Technology (SHE:002779) jumped 5.2% after China Securities Regulatory Commission accepted its application to issue and list its shares on the Hong Kong bourse.

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