Jun 24, 2025, 14:39 GMT+7
(MT Newsires) - Chinese stocks gained for the second consecutive day this week on optimism following US President Donald Trump's announcement of a ceasefire between Israel and Iran.
The Shanghai Composite Index, the main gauge of Chinese stocks, gained 1.2% or by 38.98 points to 3,420.57. The Shenzhen Component Index increased 1.7% or by 169.24 points to 10,217.63.
Shanghai stocks closed at their highest within one month, up 2.2%.
The ceasefire Trump announced on Truth Social could end a 12-day war "on the assumption that everything works as it should."
A decline in tensions in the Middle East could indicate a new round of buying opportunities, Reuters reported Tuesday, citing analysts at Bank of China (International) Securities.
In the corporate front, Zangge Miningclosed 3% higher after the Tibetan government approved its 4.54-billion-yuan Mami Co Salt Lake lithium-boron mining project in the autonomous region.

Sumber : MT Newswires