FX.co ★ China Stocks Track Asian Peers Higher

The Shanghai Composite Index rose 0.4% to 3,676 on Tuesday, while the Shenzhen Component Index gained 0.9% to 11,246, mirroring advances across Asian markets as a technology rally and weaker oil prices improved risk appetite. Technology shares climbed even as Nvidia retreated, following reports that CEO Jensen Huang is under investigation over an alleged affair with a woman described in some accounts as a suspected Chinese intelligence asset. At the same time, oil prices continued to decline after US President Donald Trump signaled a possible de-escalation of tensions with Iran. On the domestic front, investors are now awaiting China’s latest trade data for indications of external demand. In sector moves, hardware and optical equipment suppliers led gains in the tech space, with Eoptolink Technology jumping 7.3%, Zhongji Innolight advancing 6.9%, and NAURA Technology rising 2.1%. Large state-owned banks also underpinned the market, as Industrial and Commercial Bank of China climbed 2%, China Construction Bank added 1.9%, and Agricultural Bank of China advanced 1.5%.