Chinese agricultural stocks experienced a rise on Tuesday, as investors speculated that tariffs would restrict U.S. agricultural imports, thus benefiting domestic producers.
This gain occurred despite a broader market downturn triggered by the intensifying U.S.-China trade conflict.
Dabeinong Tech, a company specializing in seed and animal feed production, saw its shares increase by 9.9%. Wens Foodstuff also experienced an uptick with its shares rising by 7.9%.
Notably, shares of other significant agricultural firms also saw positive movement. Wellhope Foods shares rose by 8.6%, and New Hope (OTC:NHPEF) Liuhe shares increased by 8.2%.
This upward trend in agricultural stocks suggests that investors are betting on local producers to fill the gap left by limited U.S. imports due to the ongoing trade war.
