The Shanghai Composite Index rose 0.5% to 3,899 on Tuesday, while the Shenzhen Component Index gained 0.4% to 13,409. Both benchmark indices rebounded from last week’s losses despite lingering uncertainty over the conflict in the Middle East. Over the weekend, President Donald Trump warned that the US could target Iran’s power plants and bridges if the Strait of Hormuz is not reopened by an 8 p.m. Eastern Time deadline on Tuesday. On Monday, Iran stated it would only consider reopening the waterway in exchange for a permanent ceasefire, rejecting mediators’ proposal for a 45-day temporary truce.
At home, investors are also focused on inflation data due Wednesday. Consumer price growth is expected to ease slightly, while producer prices are projected to post their first annual increase since 2022. Among individual names, notable gainers included Foxconn (up 1.6%), Hygon Information Technology (up 2.8%), and Muyuan Foods (up 1.1%).
