Global Trade Tensions Cast Shadows Over Chinese Markets

Mainland China's stock markets saw little change due to ongoing global trade tension concerns. Meanwhile, gains in auto shares lifted Hong Kong stocks, with electric vehicle maker BYD planning overseas expansion. The U.S.-China trade relations remain a focal point, as tariff impositions loom.

Mainland China's stock markets remained largely unchanged on Wednesday as investors worried about potential global trade tensions. Concerns were particularly focused on the U.S. and its upcoming tariffs, with Sino-U.S. trade relations taking center stage.

In Hong Kong, the Hang Seng index experienced a boost, driven by auto shares that outperformed other sectors. Meanwhile, Chinese electric vehicle company BYD aims to significantly increase overseas sales by 2025 despite tariff challenges.

Investment insights from Goldman Sachs suggest China is now better equipped to handle external trade headwinds compared to past years. This sentiment is reflected in optimistic forecasts for Chinese stocks by financial firms like Morgan Stanley.

(With inputs from agencies.)