29.06.202602:03:59UTC+00China Stocks Open the Week Mixed

The Shanghai Composite inched up 0.2% to 4,036 on Monday, while the Shenzhen Component slipped 0.3% to 15,729, stabilizing after steep declines in the previous week as renewed US-Iran tensions undermined risk appetite and cast doubt on a recently brokered interim peace deal. Over the weekend, Iran launched drone and missile strikes on targets in Bahrain and Kuwait in retaliation for fresh US attacks on southern Iran. Uncertainty persisted despite both sides agreeing to halt hostilities and resume security talks over the Strait of Hormuz. Domestically, investors remained focused on China’s upcoming PMI releases later this week for additional signals on the health of the world’s second-largest economy. Financial stocks dragged on the broader market, led by losses in Industrial and Commercial Bank of China (-0.8%) and Agricultural Bank of China (-2.3%). By contrast, select technology names outperformed, including NAURA Technology (4.8%), Huagong Tech (10%), and Chaozhou Three-Circle (12.3%).