PRE-MARKET CHINESE STOCKS NEWS: US tariffs take effect today including a total 104% tariff on China

Air China (753 HK) - Co. controlling shareholder pledges not to cut Co. holdings for 18 months. (Newswires)

Aluminium Corporation of China (601600 CH) - Co. controlling shareholder plans to boost stake in the Co. by CNY 1bln-2bln. (Newswires)

CGN Power (1816 HK) - Co. controlling shareholder plans to increase holdings of Co. H shares by up to 5% of total H shares issued. (Newswires)

China Everbright Bank (601818 CH) - Co. controlling shareholder is to increase holdings of Co. A-shares. (Newswires)

CNOOC (600938 CH) - Co. controller plans to increase Co. holdings by CNY 2bln-4bln. (Newswires)

Postal Savings Bank of China (601658 CH) - Co. controlling shareholder buys 19.9mln Co. A-shares and plans to continue increase holding in the Co. (Newswires)

Weichai Power (000338 CH) - Co. plans to spin off unit for Hong Kong float. (Newswires)

Xinhua News Media (309 HK) - Co. Executive Director Chan resigned. (Newswires)

Other News

Chinese Premier Li said China's macroeconomic policies this year have fully taken into account various uncertainties and have sufficient reserve policy tools, while he added that China is fully capable of hedging against adverse external influences. (Xinhua)

US President Trump said China is manipulating its currency in offset against tariffs and he thinks China will make a deal at some point and thinks that it wants to make a deal, while he also stated that the 104% tariff on China will take effect from midnight. (Newswires)

US President Trump commented that "China also wants to make a deal, badly, but they don’t know how to get it started. We are waiting for their call. It will happen!"

White House said US President Trump believes China has to and wants to make a deal with the US, while it was stated that if China makes a deal, Trump will be 'gracious'.

09 Apr 2025 - 02:08- ForexGeopolitical- Source: Newswires