Chinese shares closed mixed on Monday, with banking and oil shares helping the benchmark Shanghai Composite Index erase early losses and extend its recovery.
According to Timothy Pope, a market analyst for China Global Television Network (CGTN), the Shanghai Composite managed to build on Friday's late rebound, ending the session 0.2 percent higher after spending much of the day in negative territory.
The picture was rather different in Shenzhen, he noted, where the Shenzhen Component Index lost 1.2 percent and the ChiNext board fell 1.7 percent, while the STAR Market Composite ended 2 percent lower.
The Shanghai Composite Index closed at 3,697.52 points, the Shenzhen Component Index at 11,534.38 points, the ChiNext Index at 2,638.23 points, and the STAR Composite Index at 1,573.83 points.
The analyst also noted a continued rotation by investors out of technology stocks, which had rallied strongly earlier this year, and into other sectors.
"Banking and oil stocks did help support the Shanghai index, with consumer stocks also finding a bit of favor. But mining and semiconductor shares were among the biggest losers, as investors really continued to pull back from some of those technology stocks that had rallied so strongly earlier this year," he said.
The Shenzhen Component Index, together with the ChiNext Index and other indices, reflects the performance of stocks listed on the Shenzhen Stock Exchange. Specifically, the ChiNext Index tracks China's Nasdaq-style board of growth enterprises.
The STAR Composite reflects the performance of stocks on China's sci-tech innovation board, commonly known as the STAR Market, which was inaugurated in June 2019 at the Shanghai Stock Exchange. It is designed to support companies in the high-tech and strategic emerging sectors.
Chinese shares close mixed as Shanghai Composite edges higher: analyst
Israel is scheduled to hold parliamentary elections on Tuesday, its first national vote since the Oct. 7, 2023 outbreak of the Palestine-Israel conflict, amid deep divisions among voters over national security and the country's political direction.
Ahead of polling day, voters interviewed by China Global Television Network (CGTN) in Jerusalem identified security concerns and whether to continue supporting Prime Minister Benjamin Netanyahu as key issues shaping their electoral choices.
"The most topic issue for me is the security of the country and what we deal with, and second also the unification of our country, of our people. So, for the unification of the country, I will say that I would support the others, not Netanyahu. But for the safety of the country, I think Netanyahu is the best manager of the situation right now, so I would vote for him probably," said Benny, a Jerusalem resident.
Still, prolonged geopolitical tensions and ongoing fighting have shaken many voters' confidence in the incumbent government's ability to ensure national security.
"I think that this has been an absolute failure; someone who put himself as Mr. Security, I think we're in a worse position than we were. The stalemate that we have with Iran, we haven't accomplished our goals. Politically, we're in a worse situation than we were before. And again, with Hezbollah, despite the military successes, we're still stuck there again. And so all this is a stalemate, he hasn't been able to prove himself, he's not able to move forward," said Evan, another resident.
Meanwhile, some moderate voters are calling for greater unity among different social and ethnic groups within the country, arguing that this is a more pressing priority than security concerns.
"I am most concerned about social issues, there seems to be a big divide in Israel between left and right. I think we need more unity," said Jerusalem resident Raphael.
For peace advocates, ending the Palestine-Israel conflict and the occupation, and promoting coexistence among different communities, remain top priorities. Many ordinary citizens say they are tired of political polarization and prolonged conflict, and are calling for meaningful change.
"Security means peace and it means that taking care of what we did in Gaza and to let people, Jews, Arabs, all nations to live here in peace. Settlers are able to do whatever they do because on their side there are the army and the police, and I hope that there would be someone else on top that really wants to solve it. We didn't achieve anything; we didn't achieve it. It all went the wrong way," said Jerusalem resident Tamara.
Israeli voters divided ahead of national elections
