The Shangai Composite Index Closes 1.08% Higher

The Shanghai Composite slipped 0.2% to 4,218 on Tuesday, while the Shenzhen Component Index fell 0.3% to 15,854, with both benchmarks retreating from multi-year highs as fading hopes for US-Iran peace negotiations dampened market sentiment. President Trump recently said the US-Iran ceasefire was on “massive life support” and rejected Tehran’s latest peace proposal, raising concerns that disruptions in the Strait of Hormuz could persist. Markets were also focused on the upcoming Trump-Xi meeting, with investors hoping the talks will at least preserve the fragile US-China trade truce. Beyond trade, the two leaders are also expected to discuss the Middle East conflict and Taiwan. Trump is set to arrive in Beijing on Wednesday evening, while the US plans to host Xi Jinping during a reciprocal visit later this year. Notable decliners included Foxconn Industrial Internet (-2.3%), Hygon Information Technology (-2.5%), Contemporary Amperex Technology (-0.9%), and Sungrow Power Supply (-1.7%).

The Shangai Composite Index rose 45 points or 1.08 percent on Monday to close at 4225 points. Leading the gains are Datang Intl (9.93%), Shanghai Electric (9.47%) and Sany Heavy Industry (6.38%).

The Shanghai Composite climbed 1.08% to close at 4,225 on Monday, its highest level since June 2015, while the Shenzhen Component gained 2.16% to a fresh five-year high of 15,889, buoyed by strong trade data and anticipation ahead of a meeting between Presidents Donald Trump and Xi Jinping. Exports surged 14.1% YoY to a record USD 359.44 billion in April 2026, well above expectations of a 7.9% rise and sharply up from March’s 2.5% gain, driven by AI-related global investment demand. Imports climbed 25.3% to an all-time high of USD 274.62 billion. Meanwhile, annual CPI came in above expectations at 1.2% in April, while PPI marked its second straight month of increase at 2.8%. Markets are now focused on the upcoming Trump–Xi meeting in Beijing, where discussions are expected to cover the Middle East conflict, Taiwan, and potential renewed trade talks. Tech stocks remained strong, particularly Hygon Information Technology (8.01%), Zhongji Innolight (6.11%), and NAURA Technology (5.99%).