Stocks steady as tariffs take effect

Chinese mainland stocks rose on Friday as investors had expected the Trump administration's 25 percent tariffs on $34 billion of Chinese imports to take effect.

The benchmark Shanghai Composite Index plunged 1.52 percent at one point in the morning, but climbed by 0.49 percent overall to close at 2747.23 points on Friday. The smaller Shenzhen Component Index closed 0.55 percent higher at 8911.34 points.

The agricultural sector, mainly planting and agricultural machinery companies, posted the strongest gains on Friday.