China Stocks Rise on Easing Mideast Fears
2026-03-10 02:41
By
Jam Kaimo Samonte
1 min. read
The Shanghai Composite rose 0.65% to close at 4,123, while the Shenzhen Composite gained 2.04% to 14,354 on Tuesday, reversing losses from the previous session amid hopes that the Iran war could soon end.
US President Donald Trump said the military operation in Iran is nearing its conclusion and running well ahead of the initial four- to five-week estimated timeframe.
Oil prices also retreated sharply as Trump unveiled plans to keep energy costs in check, easing fears of prolonged economic disruption and resurgent inflation.
In China, data showed exports surged 21.8% in the first two months of the year, easily beating forecasts amid strong global demand.
Tech and new energy stocks led the rebound, with gains from Suzhou TFC (10.9%), Zhongji Innolight (4%), Victory Giant (7%), Contemporary Amperex (5.3%), and China Energy Engineering (6.8%).