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The Shanghai Composite rose 0.65% to close at 3,382, while the Shenzhen Component gained 0.43% to 10,048 on Monday, reversing earlier losses as bargain hunting lifted sentiment. Investors are now focused on the upcoming meeting of the National People’s Congress Standing Committee, where policymakers are expected to discuss anti-competition legislation and potential responses to newly imposed US tariffs and rising geopolitical tensions. However, gains were tempered by concerns over the Middle East, after the US launched airstrikes on three Iranian nuclear facilities over the weekend. The move marked a major escalation, with the US now aligning with Israel in its conflict with Iran, heightening fears of possible retaliation from Tehran. Among the top performers were Shenzhen Forms (+20%), Lakala Payment (+13%), and Hengbao Co. (+10%).

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In China, the Shangai Composite Index rose 24 points or 0.72 percent on Monday. Leading the gains are Jiangsu Lianyungang (10.06%), Shaanxi Coal (4.26%) and Aisino (3.48%). Top losers were Huaneng (-2.30%), Bank Of Nanjing (-1.83%) and Baosteel (-1.52%).

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China’s 10-year government bond yield remained steady at around 1.64% on Monday, as investors awaited fresh signals from the upcoming National People’s Congress Standing Committee. The meeting, scheduled for June 24–27, is expected to focus on anti-competition legislation and potential responses to newly imposed US tariffs and escalating geopolitical risks. The US launched airstrikes on three Iranian nuclear sites, marking its direct entry into the Israel-Iran conflict, with markets now bracing for possible retaliation from Iran, which could deepen risk-off sentiment. However, the major escalation has also driven oil prices higher. About 20% of global oil flows through the Strait of Hormuz, a key route for China—which sources 45% of its oil imports via the passage—making any disruption a potential trigger for Chinese inflation and upward pressure on yields. Meanwhile, the People’s Bank of China’s latest decision to keep policy rates unchanged has helped limit sharp bond market moves.

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China’s 10-year government bond yield remained steady at around 1.64% on Monday, as investors awaited fresh signals from the upcoming National People’s Congress Standing Committee. The meeting, scheduled for June 24–27, is expected to focus on anti-competition legislation and potential responses to newly imposed US tariffs and escalating geopolitical risks. The US launched airstrikes on three Iranian nuclear sites, marking its direct entry into the Israel-Iran conflict, with markets now bracing for possible retaliation from Iran, which could deepen risk-off sentiment. However, the major escalation has also driven oil prices higher. About 20% of global oil flows through the Strait of Hormuz, a key route for China—which sources 45% of its oil imports via the passage—making any disruption a potential trigger for Chinese inflation and upward pressure on yields. Meanwhile, the People’s Bank of China’s latest decision to keep policy rates unchanged has helped limit sharp bond market moves.