Market Updates
China's indexes Advanced On U.S.-Iran Deal Optimism
Li Chen
15 Jun, 2026
Hong Kong
China's indexes advanced following optimism over a tentative U.S.-Iran peace deal and reopening of the Strait of Hormuz.
The Hang Seng Index increased 0.5%; the mainland-focused CSI 300 Index gained 1.5% after the U.S. and Iran confirmed the potential peace deal in the Middle East.
Brent crude oil prices dropped 5% to $83.17 a barrel in the hopes that commercial shipping through the Strait of Hormuz is likely to resume as early as next week.
Despite the market optimism, key details of the agreement are unresolved, and no official text has yet been released.
Benchmark indexes across Asia soared on the peace deal's optimism, and market indexes in Japan and South Korea rose 5% and advanced more than 1.6% in India.
China Indexes and Stocks
The Hang Seng Index increased 0.5% to 24,829.62, and the mainland-focused CSI 300 Index advanced 1.5% to 4,847.65.
Artificial intelligence and semiconductor-linked stocks led gainers in Shanghai and Hong Kong trading.
Zijin Mining soared 5%, Zijin Gold International surged 13%, CATL advanced 3%, and CNOOC dropped 4%.
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