China’s stock market has already absorbed the shocks from the escalation of the trade war with the United States and any future risks are “controllable”, according to China’s securities market watchdog chief, in an attempt to calm nerves as the tensions between Beijing and Washington further threaten investor confidence. The benchmark Shanghai composite stock index lost nearly 6 per cent in May as the trade negotiators failed to reach a deal to end the trade war, which has rumbled on since July last year. The index also lost 6 per cent on the first trading day after US President Donald Trump announced that the US would … (full story)