The Shanghai Composite rose 0.12% to close at 3,598 while the Shenzhen Component climbed 0.44% to 11,218 on Monday, extending gains from last week as US and Chinese officials kickstarted a fresh round of trade talks in Stockholm today.
US Treasury Secretary Scott Bessent expressed optimism that the current trade truce would be extended, noting that the negotiations will cover not only tariffs but also broader issues such as China’s energy purchases from Russia and Iran.
Meanwhile, data released over the weekend showed China’s industrial profits fell 1.8% in the first half of the year, reflecting continued deflationary pressures and lingering trade-related uncertainty.
Among the top performers were index heavyweights China Northern Rare Earth (+4.7%), Victory Giant (+6.3%), Jiangsu Hengrui (+6.4%), Eoptolink Technology (+2.8%), and Suzhou Dongshan (+2.6%).
