16.04.202602:14:22UTC+00China Stocks Rally on Upbeat Data

The Shanghai Composite Index advanced 0.2% to move back above 4,000, marking a new one‑month high, while the Shenzhen Component Index gained more than 1.1% to around 14,600, returning toward its strong January 2022 levels. The rally was underpinned by optimism about renewed US–Iran negotiations and encouraging domestic economic data.

China’s economy grew 5% in the first quarter, up from 4.5% in the previous quarter and slightly ahead of forecasts, as stronger exports helped offset still-subdued domestic demand. March activity data offered a mixed picture: industrial production outperformed expectations, but retail sales weakened and the unemployment rate inched higher.

Globally, risk appetite improved as the US and Iran considered extending their two-week ceasefire to allow more time for talks, even though the Strait of Hormuz remains effectively closed under a dual blockade.

Among individual names, notable advances were recorded in Contemporary Amperex (+5.5%), BYD (+1.9%), and Zijin Mining (+0.9%).