China stocks end mixed as semiconductor and AI gains offset US tariff concerns

China?s stock markets ended mixed on Friday as strong gains in semiconductor and AI-related shares helped offset concerns over new US trade measures.

The Shanghai Composite was flat at 3,927.2, while the Shenzhen Component rose 0.45% to 14,354.3. Semiconductor stocks gained after SMIC reported a more than threefold increase in second-quarter profit, helped by strong demand for AI-related chips. SMIC rose 2.65%, while GigaDevice Semiconductor gained 3.21%.

However, Hua Hong Semiconductor fell 8.57% despite reporting record second-quarter revenue and strong profit growth. Investors also remained cautious after the US announced a 100% tariff on drone imports and related components, with smaller drones facing a 25% tariff.

For the week, the Shanghai Composite fell 0.33%, while the Shenzhen Component gained 0.30%.

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