China Stocks Head for Weekly Losses
2026-04-03 02:42
By
Czyrill Jean Coloma
1 min. read
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.