FX.co ★ China Stocks Rise Ahead of US-China Trade Talks

The Shanghai Composite Index edged up by 0.2% to approximately 3,600 points, while the Shenzhen Component Index rose by 0.4% to 11,210 on Monday, building on last week's positive momentum. This upward trend comes as investors anticipate the commencement of new US-China trade discussions scheduled to begin in Stockholm later today. US Treasury Secretary Scott Bessent has conveyed optimism regarding the potential extension of the current trade truce. He emphasized that the discussions will address tariffs and wider issues, including China's energy partnerships with Russia and Iran. Concurrently, weekend data revealed a 1.8% decline in China's industrial profits during the first half of the year, indicative of ongoing deflationary challenges and persistent trade uncertainties. Notable gainers included major players such as China Northern Rare Earth, which rose by 2.2%, Victory Giant, up by 6.3%, Jiangsu Hengrui, surging by 6.4%, Talkweb Information, increasing by 2.2%, and Accelink Technology, soaring by 10%.