China Stocks Climb as Trump Announces Ceasefire
Tuesday, June 24, 2025       09:30 WIB

The Shanghai Composite rose 0.8% to above 3,400 while the Shenzhen Component climbed 1.6% to 10,210 on Tuesday, extending gains from the previous session after US President Donald Trump said that Iran and Israel have agreed to a ceasefire.
Markets also shrugged off Iran's retaliatory strike on a US base in Qatar, which caused no casualties, and took comfort in Iran's decision to avoid disrupting the critical Strait of Hormuz.
On the domestic front, investors focused on a key legislative meeting in Beijing this week, where policymakers are expected to discuss revisions to the anti-unfair competition law, particularly targeting cyberspace regulation.
Attention is also turning to next month's Politburo meeting for potential economic support measures.
Technology stocks led the rally, with strong gains from East Money (+3.9%), Cambricon Technologies (+7.9%), and Eastcompeace Tech (+9.7%).

Sumber : tradingview.com