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Chinese Shares Slip at Market Open on Conflicting US-Iran Talks News

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Chinese shares opened lower on Monday amid conflicting news regarding the U.S.-Iran talks.

The Shanghai Composite Index, the main gauge of Chinese stocks, declined 0.4% to 4,058.17. The Shenzhen Component Index inched down 1.20 points to 15,811.67.

While Iran says it has no talks arranged with the U.S. for the next several days, the American side maintains a contrasting stance. U.S. President Donald Trump said there is a planned session in Qatar on Tuesday, and two officials said U.S. negotiator Steve Witkoff is on his way to Doha.

In economic news, overall business production and operational activities in China expanded in June, with the official Composite PMI Output Index rising to 50.6 from 50.5 in May.

Factory activity recovered, with the official manufacturing Purchasing Managers' Index coming in at 50.3 from a neutral print recorded the previous month. The non-manufacturing business activity index came in at 50.2, the joint-highest since December 2025, compared with 50.1 in the previous month.

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