The Shanghai Composite Index rose 0.5% to 3,899 on Tuesday, while the Shenzhen Component Index gained 0.4% to 13,409, with both benchmark indices rebounding from losses in the previous week, even as uncertainty surrounding the ongoing Middle East conflict persisted. 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.
Iran said on Monday that it would only consider reopening the waterway in exchange for a permanent ceasefire, rejecting the proposed 45-day temporary truce from mediators. Domestically, investor attention is also turning to inflation data due on Wednesday, with consumer price growth expected to ease slightly, while producer prices are forecast to record its first annual increase for the first time since 2022. Notable gains were posted by Foxconn (1.6%), Hygon Information Technology (2.8%), and Muyuan Foods (1.1%).
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