Shanghai Index Breaks 10-Year Range as Trade Tensions Ease

A major Chinese stock index briefly broke above a key psychological barrier for the first time in a decade, reflecting investors’ cautious but broadly upbeat outlook as trade tensions ease.

The Shanghai Composite Index rose as much as 0.1% on Tuesday to hit 4,000.86 points — breaching the 3,000 to 4,000-point range for the first time since August 2015 — following a series of trade-related agreements between the US and China covering tariffs, shipping fees and export controls.