Shanghai Composite up 0.07% at 2,976 points (Il Sole 24 Ore Radiocor) - Shanghai , 16 Jul - Chinese shares closed slightly higher amid mixed Asian markets.

Investor sentiment was subdued as increased speculation over a a second term for Donald Trump spurred hopes for an easier regulatory environment in the US, but weighed on Chinese stocks.

In his first presidential term from 2017 to 2021, Trump slapped steep tariffs on China, fuelling a prolonged trade war between the world's two major economies. Traders monitored a meeting of China's political leaders that started yesterday and will run until July 18, known as the Third Plenum, amid expectations that important economic measures could be announced during the event.

The much-anticipated policy meeting, a major gathering of the top members of the ruling Communist Party of China that typically happens only once every five years, is expected to focus on high local government debt levels and a push for advanced manufacturing.

Investors hoped for more stimulus measures from Beijing after data showed yesterday that China's gross domestic product grew less than expected in the second quarter as weak consumer spending and demand weighed.

The Shanghai Composite closed up 0.07% at 2,976 points, while the Shenzhen CSI 300 rose 0.63% to 3,498 points.

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(RADIOCOR) 16-07-24 11:20:02 (0271) 5 NNNN