China Stocks Bounce Back at Close
2026-05-19 02:25
By
Czyrill Jean Coloma
1 min. read
The Shanghai Composite Index rose 0.92% to close at 4,170, while the Shenzhen Component Index gained 0.26% to 15,570, erasing losses from the earlier session as investors welcomed new developments in the US–Iran peace agreement.
President Trump said a planned strike on Iran had been called off after appeals from Gulf allies, adding there was now a “very good chance” of reaching a deal.
Additional support for the rebound came as most tech stocks reversed earlier declines, with investors positioning ahead of earnings reports from Nvidia.
In a similar vein, Nvidia CEO Jensen Huang stated that China will permit the import of AI processors from the US.
Notable gainers included Cambricon Technologies (8.4%), Hygon Information Technology (2.76%), NAURA Technology (3.63%), and Huagong Tech (7.48%).
On the monetary policy front, investors await Wednesday’s China loan prime rates, with markets expecting the one-year and five-year benchmarks to stay unchanged at 3.0% and 3.5%, respectively.