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Market Commentary - Foreign Markets
China stocks hit 11-year high
13-May-2026, 03:40
China stocks hit an 11-year high on Wednesday. This rise was fueled by investors buying into tech stocks before the much-anticipated US-China leaders' meeting later this week. The Shanghai Composite Index closed 0.7% higher, marking its highest level since 2015, while the blue-chip CSI300 index rose 1%. In Hong Kong, the Hang Seng Index added 0.2%. Risk appetite is steady as the upcoming face-to-face talks between U.S. President Donald Trump and Chinese leader Xi Jinping aim to mend trade ties and address geopolitical tensions. A modest selloff in crude oil futures also worked well for Asian equities.
China stocks hit an 11-year high on Wednesday. This rise was fueled by investors buying into tech stocks before the much-anticipated US-China leaders' meeting later this week. The Shanghai Composite Index closed 0.7% higher, marking its highest level since 2015, while the blue-chip CSI300 index rose 1%. In Hong Kong, the Hang Seng Index added 0.2%. Risk appetite is steady as the upcoming face-to-face talks between U.S. President Donald Trump and Chinese leader Xi Jinping aim to mend trade ties and address geopolitical tensions. A modest selloff in crude oil futures also worked well for Asian equities.
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