The Shanghai Composite Index rose 0.4% to 4,006 on Monday, extending gains from the previous session, while the Shenzhen Component advanced 1.2% to 14,575, notching a third consecutive day of increases and its highest level since January 2022.
Sentiment was supported by renewed diplomatic signals between the United States and Iran. Former US President Donald Trump said Tehran had made contact regarding a potential agreement, while Iranian President Masoud Pezeshkian indicated he was open to further talks, provided they are consistent with international law.
Regionally, Chinese President Xi Jinping is expected to meet Vietnamese leader Tô Lâm this week to discuss deepening energy cooperation amid persistent supply chain uncertainties. Investors are also awaiting the release of China’s latest trade figures later today, with both exports and imports projected to show signs of moderation.
Technology stocks continued to drive the rally, led by gains in Zhongji Innolight (up 3.6%), Eoptolink Technology (up 3.1%), and NAURA Technology (up 3.3%).
