The Shanghai Composite rose 0.16% to close at 3,640 while the Shenzhen Component fell 0.18% to 11,158 on Thursday, with mainland stocks showing mixed performances as investors digested stronger-than-expected trade data alongside renewed geopolitical tensions. July export growth sharply beat expectations, driven by firms front-loading shipments ahead of the looming US tariff deadline in August. Imports also rose to their highest level in a year, signaling a pickup in domestic demand. Earlier this week, US President Donald Trump said a deal to extend the current US-China trade truce, set to expire on August 12, was “very close.” However, tensions flared again after he imposed a 100% tariff on imported semiconductors - excluding companies manufacturing in the US—and doubled tariffs on Indian goods to 50% due to ongoing Russian oil purchases. Among notable gainers were China Northern Rare Earth (+6%), Foxconn Industrial (+3.9%), and Shenghe Resources (+7.4%).