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

On Monday, the Shanghai Composite index increased by 0.3%, surpassing the 3,390 mark, while the Shenzhen Component rose by 0.9% to reach 10,277. This upward trend in the mainland stock market saw stocks attaining multi-week highs as anticipation grew for the resumption of trade negotiations between Beijing and Washington in London later today. Investor confidence was bolstered by news that China has granted temporary approvals for the export of rare earth materials. Additionally, the resumption of Boeing's commercial jet deliveries to China indicates a thaw in bilateral tensions. Economically, China's consumer prices fell for the fourth straight month in May, while deflation in producer prices eased to its lowest in nearly two years. Market participants are now focusing on upcoming trade data that may provide additional insights into the effects of the ongoing trade tensions with the United States. Notable performers in the stock market included East Money, which rose by 2.2%; Anhui Jianghuai, up by 9.3%; Zhongji Innolight, advancing by 5.0%; Avic Shenyang with a 10.0% rise; and Eoptolink Technology, increasing by 3.1%.