China Stocks Fall as Iran War Hits Markets

2026-03-09 02:25 By Jam Kaimo Samonte 1 min. read

The Shanghai Composite fell 0.67% to close at 4,097, while the Shenzhen Component dropped 0.74% to 14,068 on Monday, extending last week’s losses as oil topped $100 amid the escalating Middle East conflict, raising inflationary pressures and threatening global growth.

The US-Israeli war with Iran entered its second week with no resolution in sight, while key Middle Eastern producers have cut output as shipments through the Strait of Hormuz remain halted.

China, the world’s largest energy importer, relies heavily on oil imports from the Middle East, but is somewhat shielded by its substantial crude reserves.

Domestically, data showed annual inflation rose to a three-year high in February, partly driven by Lunar New Year holiday spending.

Among notable decliners were tech and mining stocks including Zhongji Innolight (-3.6%), Eoptolink Technology (-4.5%), Suzhou TFC (-4.9%), Zijin Mining (-1.9%), and Victory Giant (-3%).



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