China Stocks Rebound on Oil Retreat, Tech Gains

The Shanghai Composite rose 0.5% to around 3,900, while the Shenzhen Component gained 0.8% to 13,500 on Friday, rebounding from the previous session as easing oil prices improved risk sentiment, while markets watched the upcoming high-level US-China talks. Both benchmarks are also on track for modest weekly gains as concerns over Middle East supply disruptions eased, with Saudi Arabia working to restore flows through its East-West pipeline and hopes growing for renewed diplomatic efforts to end the conflict. Meanwhile, the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping is expected to cover growing AI competition and access to advanced US chips, while investors also await signs on tariffs, China’s rare-earth export restrictions, the yuan and a possible extension of the trade truce due to expire in November. Technology stocks led the advance, with CXMT, Foxconn, Zhongji Innolight and Cambricon up 1% to 3%. In contrast,