FX.co ★ China Stocks Climb as Ceasefire Eases Geopolitical Tensions

The Shanghai Composite index advanced by 1.15% to close at 3,421, while the Shenzhen Component increased by 1.68% to reach 10,218 on Tuesday, continuing the upward momentum from the previous session. This movement occurred after the announcement by U.S. President Donald Trump that Iran and Israel have agreed to a ceasefire. Investors largely disregarded Iran's retaliatory strike on a U.S. base in Qatar, which resulted in no casualties, and were reassured by Iran's choice not to disrupt the vital Strait of Hormuz. Domestically, attention shifted towards a significant legislative meeting in Beijing, where officials are expected to evaluate amendments to the anti-unfair competition law, with a particular focus on cyberspace regulations. Looking ahead, the upcoming Politburo meeting in July is garnering interest as investors seek indicators of possible economic stimulus. Among the top performers were East Money, rising by 4.2%, Ping An Insurance, up by 3.1%, Contemporary Amperex, which climbed 2.6%, Hengbao Co, gaining 5.6%, and Cambricon Technologies, which soared by 6.9%.