China Stocks Rise on Deal Hopes, Tech Rally

The Shanghai Composite rose 0.5% to 4,183 on Thursday, while the Shenzhen Component Index climbed 1.5% to 15,810, buoyed by renewed hopes surrounding US-Iran peace negotiations and strength in technology stocks. President Donald Trump said negotiations with Iran were in the “final stages,” easing concerns about energy-driven inflationary pressures. Technology stocks provided additional momentum after Nvidia posted better-than-expected fiscal Q1 results and issued a robust sales outlook for Q2. Among tech stocks, notable gainers included Hygon Information Technology (7%), Contemporary Amperex Technology (1.2%), Zhongji Innolight (2.2%), and Victory Giant Technology (2.4%). Meanwhile, Chinese President Xi Jinping is reportedly expected to visit North Korea as early as next week, marking his first trip there in seven years and underscoring warming ties between the longtime allies, which recently resumed cross-border train and air services.
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