The China stock market rebounded on Monday, one session after ending the four-day winning streak in which it had advanced more than 100 points or 2.5 percent. The Shanghai Composite Index now sits just above the 4,225-point plateau and it's expected to open in the green again on Tuesday. The global forecast for the Asian markets is mixed with a touch of upside as ambiguity continues to reign in the Middle East. The European markets were mixed and the U.S. bourses were slightly higher and the Asian markets figure to split the difference. The SCI finished sharply higher on Monday following gains from the property and insurance stocks, weakness from the resource companies and a mixed picture from the financial sector. For the day, the index climbed 45.07 points or 1.08 percent to finish at 4,225.02 after trading between 4,186.08 and 4,229.58. The Shenzhen Composite Index jumped 46.62 points or 1.62 percent to end at 2,922.37. Among the actives, Industrial and Commercial Bank of China collected 0.13 percent, while Bank of China was up 0.07 percent, Agricultural Bank of China retreated 1.30 percent, China Merchants Bank perked 0.08 percent, Bank of Communications shed 0.45 percent, China Life Insurance jumped 1.72 percent, Jiangxi Copper skidded 1.00 percent, Aluminum Corp of China (Chalco) slumped 1.01 percent, Yankuang Energy dipped 0.14 percent, PetroChina eased 0.09 percent, China Petroleum and Chemical (Sinopec) gained 0.77 percent, Huaneng Power spiked 3.03 percent, China Shenhua Energy slipped 0.02 percent, Gemdale surged 6.40 percent, Poly Developments soared 3.27 percent and China Vanke rallied 2.25 percent.
The lead from Wall Street suggests mild upside as the major averages opened mixed on Monday and largely hugged the line throughout the session, finishing with slight gains.
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Market Analysis
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.