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

On Monday, the Shanghai Composite Index increased by 0.43%, closing at 3,400, while the Shenzhen Component Index rose by 0.65% to conclude at 10,250. Both indices reached multi-week highs as investors anticipated the renewal of US-China trade talks scheduled for later today in London. Market sentiment was buoyed by reports indicating that Beijing had granted temporary approvals for rare earth exports along with news that US-based Boeing resumed commercial jet deliveries to China, both seen as signals of decreasing bilateral tensions. Economically, China's consumer prices fell for the fourth consecutive month in May, and producer price deflation accelerated to near a two-year low. Additionally, export growth underperformed expectations, largely due to a significant decrease in shipments to the US amid ongoing trade tensions. Notable companies showing strong performances included East Money with a gain of 2.7%, Anhui Jianghuai surging by 10%, Zhongji Innolight rising by 4.9%, Avic Shenyang increasing by 9.3%, and Eoptolink Technology climbing by 1.1%.