China Stocks Track Asian Peers Lower

2026-04-02 02:53 By Czyrill Jean Coloma 1 min. read

The Shanghai Composite fell 0.7% to close at 3,919 on Thursday, while the Shenzhen Component dropped 1.6% to 13,487, tracking losses across Asian peers as market sentiment turned subdued amid mixed signals from US President Trump on the potential easing of the Middle East conflict.

He said the war in Iran was “very close” to completion and expected to meet its objectives in the coming weeks, yet also warned that military operations could escalate even as diplomatic efforts continue.

Meanwhile, the People’s Bank of China drained CNY 890 billion through short-term operations in March and absorbed another CNY 250 billion via longer-term tools, reversing months of liquidity support.

With growth rebounding and the Iran conflict lifting oil prices, the central bank is taking a more cautious stance that could help China exit record deflation.

Notable declines were posted by Contemporary Amperex Technology (-1.1%), Zhongji Innolight (-3.3%), Sungrow Power Supply (-5.4%), and Foxconn (-2.5%).



News Stream
China Stocks Head for Weekly Losses
The Shanghai Composite dropped 0.8% to 3,887 on Friday, while the Shenzhen Component edged down 0.1% to 13,474, with both benchmark indices on track for weekly losses as investor caution persists amid the prolonged Middle East conflict. Tensions in the region remain high, though Iran and Oman are reportedly developing a protocol to “monitor transit” through the strategic waterway, an effort aimed at easing regional strains. Meanwhile, China and Pakistan are advocating for their own multi-point diplomatic plan, while Iran continues to maintain tight control over the shipping lane. Domestically, RatingDog revealed that China's composite PMI fell to 51.5 in March from 55.4 in February, as both manufacturing (50.8 vs. 52.1) and services (52.1 vs. 56.7) sectors lost momentum. Among individual stocks, Contemporary Amperex Technology (-3.3%), BYD (-1.6%), Industrial and Commercial Bank of China (-1%), and Bank of China (-1.4%) were among the worst performers.
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China Stocks Track Asian Peers Lower
The Shanghai Composite fell 0.7% to close at 3,919 on Thursday, while the Shenzhen Component dropped 1.6% to 13,487, tracking losses across Asian peers as market sentiment turned subdued amid mixed signals from US President Trump on the potential easing of the Middle East conflict. He said the war in Iran was “very close” to completion and expected to meet its objectives in the coming weeks, yet also warned that military operations could escalate even as diplomatic efforts continue. Meanwhile, the People’s Bank of China drained CNY 890 billion through short-term operations in March and absorbed another CNY 250 billion via longer-term tools, reversing months of liquidity support. With growth rebounding and the Iran conflict lifting oil prices, the central bank is taking a more cautious stance that could help China exit record deflation. Notable declines were posted by Contemporary Amperex Technology (-1.1%), Zhongji Innolight (-3.3%), Sungrow Power Supply (-5.4%), and Foxconn (-2.5%).
2026-04-02