The Shanghai Composite rose 0.05% to around 3,422 on Wednesday, while the Shenzhen Component added 0.2% to 10,240, marking a third straight session of gains. However, upside momentum was limited as investors remained cautious, weighing the durability of the US-brokered ceasefire between Iran and Israel.
Intelligence reports indicated that recent US missile strikes only partially damaged Iran’s nuclear infrastructure, setting back its program by a few months but failing to fully dismantle it. Domestically, attention turned to a key legislative meeting in Beijing, where officials are reviewing proposed amendments to the anti-unfair competition law, with a particular focus on cyberspace governance. Looking ahead, markets are also watching the upcoming July Politburo meeting for potential signals on economic stimulus. Among notable movers, East Money rose 1.6%, Gotion Hi-Tech surged 7.9%, XGD Inc jumped 11.4%, Hyunion Holding gained 4.9%, and Anhui Greatwall advanced 8%.
