The Shanghai Composite rose 0.8% to above 3,560 while the Shenzhen Component gained 0.6% to 10,700 on Friday, with mainland stocks scaling multi-month highs as investors looked ahead to trade data due over the weekend, which could offer fresh insights into the impact of evolving US-China trade dynamics. Investors also brushed aside the latest trade escalations from Washington, as US President Donald Trump announced a 35% tariff on Canadian imports starting August 1, while indicating plans to apply blanket tariffs of 15% to 20% on most other trading partners. Analysts cited attractive valuations, expectations of further policy stimulus, and momentum from the ongoing AI-driven rally as key drivers of the recent uptrend. Notable gainers included China Northern Rare Earth (+10%), Wuxi AppTec (+9.8%), and China CSSC Holdings (+8.1%). Both the Shanghai and Shenzhen indexes are on track to post their third consecutive weekly gain.