Reported 10 days ago
Chinese agricultural stocks experienced a significant surge on Tuesday, as investors speculated that new U.S. tariffs would reduce agricultural imports and benefit domestic producers. Notable companies like Dabeinong Tech and Wens Foodstuff saw their shares increase sharply, even as broader markets struggled due to escalating trade tensions. This trend follows China's announcement of a long-term strategy to enhance domestic agriculture, aiming for increased self-sufficiency amidst ongoing rivalry with the U.S.
Source: YAHOO