China stocks rebound as strong exports lift market sentiment

Chinese stocks recovered on Tuesday after falling to a three-month low earlier in the day. The Shanghai Composite rose 1.36% to 3,967.1, while the Shenzhen Component gained 2.77% to 14,924.9, supported by stronger-than-expected trade data.

China's exports jumped 27% year-on-year to a record USD 412.4 billion in June, while imports increased 36% to a record USD 286.8 billion, showing that global demand remained strong. The country also posted its second-largest trade surplus ever at USD 125.6 billion, helped by solid demand for AI-related products and higher semiconductor prices.

Investors are now waiting for China's second-quarter GDP data on Wednesday, with growth expected to slow to 4.5% from 5% in the first quarter. Technology stocks led the gains, while energy shares also moved higher.

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