The Shanghai Composite rose 1.1% to 4,076 on Monday, while the Shenzhen Component advanced 1.8% to 15,226, mirroring gains across other Asian markets as sentiment improved on optimism over a tentative US–Iran diplomatic thaw. The reported agreement is said to include the reopening of the Strait of Hormuz, a cessation of hostilities, and a framework for renewed talks on Iran’s nuclear program. Iranian Deputy Foreign Minister Kazem Gharibabadi confirmed the deal, and officials from both countries are expected to meet in Switzerland on Friday to formally sign it. Still, key details remain unresolved, and no official text has been released.
On the domestic front, investors are awaiting a new set of economic data, including figures on industrial production, retail sales, and unemployment. Among individual names, Zijin Mining Group climbed 5%, CATL added 1.8%, and Zhongji Innolight gained 2.3%. By contrast, energy stocks lagged amid weaker oil prices, with PetroChina down 1.1% and CNOOC falling 4%.
