2026.04.2203:02:49UTC+00China Stocks Remain Strong

The Shanghai Composite inched up 0.1% to around 4,089 on Wednesday, marking a new one‑month high, while the Shenzhen Component rose 0.4% to 15,040, its highest level since December 2021. Chinese equities remained comparatively resilient despite escalating geopolitical tensions in the Middle East.

Although President Trump extended a temporary ceasefire, follow‑up talks stalled after Iran signaled it would not engage in further negotiations via intermediaries in Pakistan, clouding the outlook for diplomatic progress. Still, China has been relatively insulated from potential supply disruptions in the Strait of Hormuz, supported by sizable strategic reserves, diversified import sources, higher domestic production, and an accelerated shift toward renewable energy.

On the corporate front, notable gainers included Foxconn (up 1.6%), China Shenhua Energy (up 1.2%), Luxshare Precision (up 1.8%), and NAURA Technology (up 3.6%). By contrast, Contemporary Amperex Technology slipped 2.3% after Sinopec sold $768.5 million worth of its shares through an accelerated bookbuild.