FX.co ★ China Stocks Rise Ahead of Key Legislative Meeting

The Shanghai Composite Index increased by 0.65% to conclude at 3,382, while the Shenzhen Component Index advanced by 0.43% to 10,048 on Monday. This recovery followed earlier declines as bargain hunters lifted market sentiment. Investors are now closely watching the forthcoming session of the National People’s Congress Standing Committee. During this meeting, policymakers are anticipated to deliberate on anti-competition laws and potential counteractions to recently imposed US tariffs, alongside concerns over escalating geopolitical tensions. Nevertheless, market gains were somewhat subdued by worries in the Middle East, following US airstrikes on three Iranian nuclear facilities over the weekend. This incident represents a significant escalation, with the US now showing support for Israel in its ongoing conflict with Iran, raising concerns about potential retaliatory actions from Tehran. Notable performers included Shenzhen Forms, which surged 20%, Lakala Payment, with a 13% increase, and Hengbao Co., rising by 10%.