
The Shanghai Composite Index rose 0.4% to 4,092 on Friday, while the Shenzhen Component Index advanced 1.1% to 15,419, though both benchmarks remain on track for weekly declines as uncertainty over US–Iran peace negotiations continues to weigh on sentiment. While Tehran indicated that the latest US proposal had helped narrow differences between the two sides, reports suggested that key sticking points continue to cloud hopes for a near-term resolution. These include Iran’s position on retaining its uranium stockpile and disagreements over proposed arrangements affecting shipping tolls in the Strait of Hormuz. On the domestic front, investors are turning their attention to upcoming PMI releases next week for clearer signals on China’s economic trajectory, after recent data pointed to a slowdown in industrial output and retail sales. Among individual movers, Zijin Mining Group rose 1%, CMOC Group added 1.6%, Zhongji Innolight climbed 3.4% and Luxshare Precision Industry surged 5.2%.
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