China Stocks Drop for Fourth Session
2026-03-17 07:23
By
Jam Kaimo Samonte
1 min. read
The Shanghai Composite fell 0.85% to close at 4,050 on Tuesday, marking a fourth straight decline as heightened uncertainty surrounding the Middle East conflict and a rebound in oil prices weighed on sentiment.
Iran has intensified attacks on energy infrastructure in the region, while most countries have so far resisted US President Donald Trump’s call for support in safeguarding commercial activity in the Strait of Hormuz.
Meanwhile, Trump requested that China delay his summit with President Xi Jinping by about a month, citing the need to focus on the Iran war.
He had previously linked a potential delay to China’s willingness to help secure the key waterway.
Tech stocks led the losses, with sharp declines from Eoptolink Technology (-5.8%), Zhongji Innolight (-3.3%), Suzhou TFC (-10%), Victory Giant (-3.1%), and Huagong Tech (-5.2%).