The China stock market on Friday ended the two-day slide in which it had dipped more than a dozen points or 0.3 percent. The Shanghai Composite Index now sit just above the 4,030-point plateau and it's looking at continued support again on Monday.
The global forecast for the Asian markets is cautiously optimistic on hopes for an end to the conflict in the Middle East. The European and U.S. markets were up and the Asian bourses are expected to open in similar fashion. The SCI finished sharply higher on Friday following gains from the financial, resource, oil and property companies. For the day, the index climbed 44.50 points or 1.12 percent to finish at 4,031.51 after trading between 4,008.18 and 4,060.27. The Shenzhen Composite Index advanced 26.45 points or 0.99 percent to end at 2,697.17. Among the actives, Industrial and Commercial Bank of China gained 1.57 percent, while Bank of China collected 1.45 percent, Agricultural Bank of China strengthened 1.80 percent, China Merchants Bank jumped 1.58 percent, Bank of Communications vaulted 2.44 percent, China Life Insurance accelerated 4.31 percent, Jiangxi Copper surged 7.25 percent, Aluminum Corp of China (Chalco) soared 4.55 percent, Yankuang Energy shed 0.65 percent, PetroChina perked 0.10 percent, China Petroleum and Chemical (Sinopec) spiked 3.13 percent, Huaneng Power retreated 1.47 percent, China Shenhua Energy tanked 2.43 percent, Gemdale rallied 1.21 percent, Poly Developments advanced 1.17 percent and China Vanke climbed 1.28 percent.
For comments and feedback contact: editorial@rttnews.com
Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.