16 June 2025, 05:33 China: Stocks Gain as Traders Assess Data.
The Shanghai Composite rose 0.1% to around 3,380 while the Shenzhen Component rose 0.4% to 10,160 on Monday, with mainland stocks recouping some losses from the previous session as investors assessed a batch of mixed domestic economic data while monitoring heightened geopolitical tensions. Retail sales in China grew more than expected in May, marking the fastest pace in 15 months and signaling a potential boost in consumer demand. However, industrial production disappointed, expanding at its slowest rate in six months and falling short of market expectations. Externally, investors also kept a close eye on the escalating conflict between Israel and Iran. Continued attacks over the weekend targeted energy infrastructure, fueling a further rise in oil prices and adding to global market uncertainty. Notable gainers in the session included Suzhou Dongshan (+10%), Zhongji Innolight (+4.9%), Eoptolink Technology (+6.7%), Shenzhen Forms (+7.0%), and Victory Giant (+7.1%).
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