|
Chinese stocks rebounded on Tuesday, with the Shanghai Composite rising 0.65% to close at 4,123 and the Shenzhen Composite climbing 2.04% to 14,354, recovering from losses in the previous session. Market sentiment improved on hopes that the conflict involving Iran could soon come to an end. Donald Trump said the military campaign in Iran is progressing faster than expected and may finish well before the initial four- to five-week timeline. Oil prices also dropped significantly after Trump outlined measures aimed at keeping energy costs under control, easing concerns about extended economic disruption and rising inflation. Domestic economic data further supported market confidence. China's exports jumped 21.8% during the first two months of the year, well above expectations, reflecting strong demand from global markets. Technology and new energy shares led the market recovery. Major gainers included Suzhou TFC Optical Communication, which surged 10.9%, Zhongji Innolight up 4%, Victory Giant Technology rising 7%, Contemporary Amperex Technology advancing 5.3%, and China Energy Engineering climbing 6.8%. Powered by Capital Market - Live News
|