The Shanghai Composite rose 0.4% to 4,006 on Monday, extending the previous session’s gains, while the Shenzhen Component climbed 1.2% to 14,575, marking its third straight day of gains and its highest level since January 2022. Both benchmarks were supported by optimism over renewed diplomatic signals between the US and Iran, after Trump said Tehran had reached out regarding a potential deal, while Iranian President Masoud Pezeshkian signaled openness to further talks if aligned with international law. On the regional front, Chinese President Xi Jinping is expected to meet Vietnam’s leader Tô Lâm this week to discuss strengthening energy cooperation amid ongoing supply chain uncertainties. Investors are also awaiting China’s latest trade data due later today, with both exports and imports expected to show signs of moderation. Technology shares remained the main engine of the rally, particularly Zhongji Innolight (3.6%), Eoptolink Technology (3.1%), and NAURA Technology (3.3%).
