FX.co ★ China Stocks Track Asian Peers Higher

The Shanghai Composite added 0.3% to close at 4,124 on Monday, while the Shenzhen Component inched up 0.2% to 15,620, mirroring gains across other Asian markets as sentiment improved on signs of easing tensions in the Middle East. Senior US officials said over the weekend that Washington and Tehran are moving closer to an agreement to reopen the Strait of Hormuz and restore global oil shipments. Still, the prospective deal remains precarious, with Trump resisting pressure to move quickly and Iran cautioning that the framework could yet fall apart.

At the same time, Beijing has launched a sweeping crackdown on illicit cross-border trading in an effort to stem capital outflows. Under the new directives, regulators have threatened tough measures against major brokerages and ordered that all non-compliant accounts be fully liquidated within a two-year transition period.

Among individual names, notable gainers included BYD (up 2.9%), Foxconn Industrial Internet (2.5%), Luxshare Precision Industry (1.3%), and Bank of China (1%).