FX.co ★ China Stocks Climb as Trump Announces Ceasefire

The Shanghai Composite Index experienced an uptick of 0.8%, surpassing the 3,400 mark, while the Shenzhen Component Index advanced by 1.6% to reach 10,210 points on Tuesday. This upward trend built on momentum from the previous session following a statement by US President Donald Trump regarding a ceasefire agreement between Iran and Israel. The markets appeared unperturbed by Iran’s retaliatory action on a US military base in Qatar, which fortunately resulted in no casualties, and were reassured by Iran’s choice to maintain the flow through the crucial Strait of Hormuz. Domestically, investor attention was directed toward an important legislative meeting taking place in Beijing this week. Here, policymakers are anticipated to deliberate over amendments to the anti-unfair competition law, specifically aiming at regulating cyberspace. Meanwhile, there is growing interest in the forthcoming Politburo meeting next month, where economic support measures might be introduced. The technology sector spearheaded the market rally, showcasing notable performances by companies such as East Money with a 3.9% rise, Cambricon Technologies soaring 7.9%, and Eastcompeace Tech climbing 9.7%.