The Shanghai Composite declined 0.05% to close at 3,243 while the Shenzhen Component gained 0.48% to 10,306 in mixed trade on Tuesday, with mainland stocks struggling for direction after US President Donald Trump mentioned China in his comments about potential tariffs, though he did not provide specific details. His remarks disappointed traders who had hoped he would tone down tariff threats, and overshadowed a recent phone call between Xi Jinping and Trump that initially raised hopes of easing tensions between the two countries. Meanwhile, China’s central bank kept its loan prime rates unchanged for the third consecutive month in January, although markets anticipate a reduction in banks' reserve requirements soon. Notable losses were seen in Leo Group (-4.5%) and Greatoo Intelligent (-3.6%), while strong gains were recorded in ZTE Corp (5%) and Zhejiang Sanhua (6.3%).
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