FX.co ★ China Stocks Rise as Risk Sentiment Improves

The Shanghai Composite Index added 0.4% to around 4,100, while the Shenzhen Component edged up 0.1% to 14,320 on Tuesday, snapping a three-day losing streak as risk appetite improved, even as investors kept a close watch on developments in the Middle East. Oil prices remained volatile after Iran stepped up attacks on energy infrastructure around the Persian Gulf, but optimism that the Strait of Hormuz could soon reopen helped support sentiment. At the same time, US President Donald Trump asked China to postpone his summit with President Xi Jinping by roughly a month, citing the need to concentrate on the war in Iran. Technology shares led the advance, with gains from Victory Giant (1%), Wus Printed Circuit (7.1%), East Money Information (3.2%), Luxshare Precision (3.8%), and GCL System (10%).