China Stocks Rally on Hopes of U.S.-Iran Peace Deal; ChiNext Surges 5.3%

U.S. President Trump's announcement of a peace agreement with Iran has boosted global stock markets. In mainland China, the three major indices — the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index — all closed higher today. The Shanghai Composite rose 1.61% to close at 4,096 points; the Shenzhen Component gained 3.79% to 15,531 points; and the ChiNext Index surged 5.3% to 4,033 points.

According to reports from Sina Finance and the Hong Kong Economic Journal, despite the broad market rally, total trading volume on the Shanghai and Shenzhen exchanges reached RMB 3.03 trillion (approximately NT$14.1 trillion), down by RMB 183.7 billion from the previous trading day. On the individual stock front, 3,906 stocks advanced, with 160 hitting the daily trading limit; 1,475 stocks declined, with 10 hitting the lower limit.

Analysts noted that over the past one to two weeks, investors had been cautious due to uncertainties surrounding global affairs, inflation, and the Federal Reserve's potential interest rate hikes. However, these concerns are gradually being resolved ahead of the Dragon Boat Festival, opening a 'new window for upward momentum.' (Edited by Chou Hui-ying / Chiu Kuo-chiang)