The China stock market has climbed higher in two straight sessions, gathering almost 50 points or 1.7 percent along the way. The Shanghai Composite Index now sits just above the 2,990-point plateau and it's likely to see additional support on Tuesday. The global forecast for the Asian markets suggests little movement ahead of key U.S. employment data later this week. The European and U.S. markets finished slightly higher and the Asian markets figure to follow suit.
The SCI finished modestly higher on Monday following gains from the financial shares and property stocks. For the day, the index advanced 27.33 points or 0.92 percent to finish at 2,994.73 after trading between 2,961.86 and 2,996.41. Among the actives, Industrial and Commercial Bank of China and Jiangxi Copper both rallied 2.11 percent, while Agricultural Bank of China jumped 1.83 percent, China Construction Bank accelerated 2.30 percent, China Merchants Bank collected 0.50 percent, Aluminum Corp of China (Chalco) soared 3.67 percent, PetroChina climbed 1.07 percent, Gemdale skyrocketed 7.06 percent, Poly Developments surged 6.28 percent and China Vanke spiked 5.19 percent.
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.