China reported a better-than-expected economic growth as the world’s second largest economy took advantage of a trade truce with the US amid President Donald Trump’s tariff offensive.

China's economy grew at a slightly faster pace than expected in the second quarter, showing resilience in the face of U.S. tariffs, though analysts warn of intensifying headwinds that will ramp up pressure on policymakers to roll out more stimulus.

Apple saw a 1.5% growth in global shipments of its iPhone in the second quarter, according to IDC's Worldwide Quarterly Mobile Phone Tracker. Weakness persisted in key market China, where shipments fell by 1%.