The Shangai Composite Index Closes 0.14% Lower

The Shanghai Composite Index rose 1.1% to close at 4,032 on Friday, while the Shenzhen Component gained 0.8% to 14,963, rebounding from the previous session and tracking gains across Asian markets as renewed hopes for a Middle East peace deal lifted global sentiment. Still, volatility driven by US–Iran tensions earlier in the week left the benchmarks mixed, with the Shanghai Composite ending the week up about 0.1%, its first weekly gain in a month, while the Shenzhen Component fell 2.3%, marking its third consecutive weekly decline. Sentiment was later supported after President Trump said that a deal with Iran could be reached as soon as this weekend, potentially reopening the Strait of Hormuz. A-share commercial space-related stocks surged on momentum tied to SpaceX’s upcoming listing, with AVIC Chengdu Aircraft (+11%) and Chengdu Spaceon Electronics (+10%) among the top gainers. Markets now await China's May credit lending data, due later today, to gauge the health of the economy.

The Shangai Composite Index rose 45 points or 1.13 percent on Friday to close at 4032 points. Leading the gains are China Molybdenum (10.02%), Avic Shenyang Aircraft (6.99%) and Hengli Petrochemical (6.88%).

The Shanghai Composite Index advanced 0.8% to above 4,000 on Friday, while the Shenzhen Component climbed over 1.3% to 15,000, rebounding from the previous session and tracking gains across Asian markets as renewed hopes for a Middle East peace deal lifted global sentiment. Both benchmarks, however, remained on course for weekly declines following earlier volatility driven by US–Iran tensions, but was capped with sentiment later supported by improving risk appetite after President Trump said that a deal could be reached as soon as this weekend, potentially reopening the Strait of Hormuz. Locally, market participants will shift their attention to China's May credit lending data, due later today, to gauge the health of the economy, following an unexpected contraction in new yuan loans in April. Sector gains were led by semiconductors, minor metals, and precious metals, such as SMIC (4.1%), Zhongji Innolight (3.4%), Zijin Mining (3.2%), and China Tungsten (5.4%).