FX.co ★ China Stocks Gain as Traders Assess Data

On Monday, the Shanghai Composite Index edged up by 0.1% to approximately 3,380, while the Shenzhen Component Index increased by 0.4% to 10,160. This recovery in mainland equities follows a previous session of losses, as investors sifted through a mix of domestic economic data and stayed alert to rising geopolitical tensions. In May, China's retail sales exceeded projections, posting the fastest growth seen in 15 months, which suggests a possible upturn in consumer demand. Conversely, industrial output underperformed, recording its slowest growth in six months and failing to meet market predictions. Internationally, investors remained vigilant over intensifying hostilities between Israel and Iran. Continued strikes over the weekend on energy infrastructure contributed to a further escalation in oil prices, thereby intensifying global market volatility. Leading gainers in the session included Suzhou Dongshan (up 10%), Zhongji Innolight (up 4.9%), Eoptolink Technology (up 6.7%), Shenzhen Forms (up 7.0%), and Victory Giant (up 7.1%).