0150 GMT - Chinese shares are lower in early trade after Trump's additional 34% tariff on Chinese goods. The higher-than-expected tariffs may weigh on Chinese exports, but equities may show some resilience given Beijing's potential stimulus and onshore AI development, JPM market strategist Tai Hui says. Home appliances are leading the declines followed by hardware and consumer products. Haier Smart Home is down 3.0%, Midea Group is off 2.3%. Sports shoes company Huali Industrial Group falls 16% and computer hardware GoerTek declines 6.5%. Property and semiconductor stocks gain with Poly Developments & Holdings up 2.2% and China Vanke rising 0.85%. Cambricon Technologies is up 1.3%. The benchmark Shanghai Composite Index is down 0.2% at 3342.29, the Shenzhen Composite Index loses 0.4% and ChiNext Price Index is 0.6% lower. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
April 02, 2025 21:50 ET (01:50 GMT)
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