China Stocks End the Week Mixed
2026-06-12 08:04
By
Joshua Ferrer
1 min. read
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.