The Shanghai Composite Index rose to 3,642 points on Friday, its highest level since October 2024.
China stocks have steadily climbed this week, supported by upbeat trade and service activity data. For the week, the CSI300 Index has gained 1.5% so far, while the Hang Seng Index rose 1.7%.
U.S. President Donald Trump said on Wednesday that he could announce further tariffs on China, similar to the 25% duties announced earlier on India over its purchases of Russian oil, depending on the developments in the trade discussions.
Tech majors traded in Hong Kong were down 1%, while materials shares were up nearly 2%.
Shares of semiconductors dropped 1.4%, weighed down by a nearly 6% fall in China's largest chipmaker SMIC after it reported weaker-than-expected second-quarter earnings.
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