China Indexes Edged Higher Overlooking Escalating Tensions In Middle East

Li Chen
29 Jun, 2026
Hong Kong

China's benchmark indexes turned higher at the start of a new week, and tensions in the Middle East escalated.

The Hang Seng Index increased 2.1%, and the mainland-focused CSI 300 Index edged up 0.6%, overlooking renewed tensions in the Middle East. 

Iran stepped up its missile and drone strikes against Bahrain and Kuwait, retaliating for the fresh U.S. attacks on targets in southern Iran.

The renewed attacks raised new uncertainty over the resumption of commercial shipments in the Strait of Hormuz, despite both countries agreeing to cease hostilities and resume security talks. 

China's industrial profit for the period between January and May surged at an annual pace of 18.8% to 3.1 trillion yuan, accelerating from the 18.2% rise in the period between January and April, according to the National Bureau of Statistics.

Later this week, investors are anticipating the release of business surveys, which will offer further insights into the health of the world's second-largest economy. 

In Friday's trading, European markets closed down around 0.3%, and benchmark indexes in New York edged lower by a fraction amid growing concerns that massive spending for the AI infrastructure may not deliver expected returns. 

 

China Indexes and Stocks 

The Hang Seng Index increased 2.1% to 23,153.89, and the mainland-focused CSI 300 Index added 0.6% to 4,871.03. 

Industrial and Commercial Bank of China added 0.5%, Agriculture Bank of China increased 1.1%, and China Construction Bank increased 0.6%.

NAURA Technology decreased 0.8%, Semiconductor Manufacturing International added 1.9%, and Knowledge Atlas Technology fell 2.7%.