Shanghai Composite up 0.76% at 2,972 points (Il Sole 24 Ore Radiocor) - Shanghai , 26 Jun - Chinese stocks erased earlier losses and closed moderately higher, snapping a three-day losing streak amid strong Asian markets.

Growth concerns however continued to weigh on investor sentiment as data released in recent weeks pointed to an uneven economic recovery.

Trade tensions also continued to keep sentiment in check even as China and the European Union agreed to start talks on the plan to impose tariffs on Chinese electric vehicles imported into the European market.

According to media reports, Canada was seen considering curbs on Chinese EV imports, joining the US and the EU, while the Biden administration was investigating major Chinese telecom firms over potential security concerns.

Traders are now awaiting China's May industrial profits due this Friday and its June manufacturing survey due on Sunday.

Caution prevailed as the Chinese Communist Party's central committee prepares to convene in July for a key meeting known as a plenum to discuss reform measures.

The Shanghai Composite closed up 0.76% at 2,972 points, while the Shenzhen CSI 300 closed up 0.65% at 3,480 points.

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(RADIOCOR) 26-06-24 11:06:41 (0242) 5 NNNN