The Shanghai Composite Index edged up 0.2% to 3,965 on Tuesday, while the Shenzhen Component gained 1.2%. Both benchmarks rebounded from the previous session’s losses as investors awaited key trade figures due later in the day. Consensus forecasts point to a trade surplus of $92.1 billion, with export growth expected to accelerate to 15% year-on-year from 14.1% in April, while import growth is projected to ease to 25% from 25.3%.
Risk sentiment was also bolstered by growing optimism over a potential de-escalation in the Middle East after Iran and Israel agreed to suspend hostilities. heavyweight technology stocks recovered from the prior session’s selloff, with notable gains in Zhongji Innolight (2%), Eoptolink Technology (3.5%), and NAURA Technology (3.6%). Additional support for the indices came from advances in major financial and energy names, including Industrial and Commercial Bank of China (2.2%), PetroChina (3.2%), and China Shenhua Energy (4.6%).
