FX.co ★ China Stocks Edge Higher in Cautious Trade

On Wednesday, the Shanghai Composite saw a modest increase of 0.05%, reaching approximately 3,422, while the Shenzhen Component climbed 0.2% to 10,240. This marked the third consecutive session of growth. Nonetheless, upward momentum was tempered by investor caution, largely due to uncertainties surrounding the sustainability of the US-brokered ceasefire between Iran and Israel. Intelligence reports have surfaced, revealing that recent US missile strikes inflicted only partial damage on Iran’s nuclear infrastructure. While these strikes have setback Iran's nuclear ambitions by several months, they failed to completely dismantle the program. Meanwhile, domestic attention has shifted to a pivotal legislative meeting in Beijing. Officials are currently considering proposed amendments to the anti-unfair competition law, with a significant emphasis on regulating cyberspace activities. Looking forward, the market is also attuned to the upcoming July Politburo meeting, eagerly anticipating potential economic stimulus signals. Among notable stock movements, East Money appreciated by 1.6%, Gotion Hi-Tech surged by 7.9%, XGD Inc increased by 11.4%, Hyunion Holding rose by 4.9%, and Anhui Greatwall climbed by 8%.