China Stocks Eye Mixed Finish for May

The Shanghai Composite rose 0.3% to 4,111 on Friday, while the Shenzhen Component was little changed at around 15,865, as investor sentiment was cautiously optimistic over an extended ceasefire agreement between the US and Iran. The White House confirmed that both sides had agreed to prolong the truce for 60 days to facilitate formal negotiations and further discussions over Iran’s nuclear program, though US President Donald Trump has yet to formally approve the deal. On the corporate front, BYD jumped 3.2% after unveiling a series of technological breakthroughs, including China’s first automotive-grade 4-nanometer chip designed for autonomous driving systems. Over the month, the Shanghai Composite and Shenzhen Component are set to finish May mixed, as investors navigated sharp swings in sentiment driven by developments in the Iran conflict, while also assessing progress on the Trump-Xi meeting earlier this month and continued strength in technology shares.
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