China Stocks Trim Earlier Losses

2026-04-21 02:36 By Czyrill Jean Coloma 1 min. read

The Shanghai Composite edged up 0.07% to close at 4,085 on Tuesday, returning to a one-month high, while the Shenzhen Component slightly rose 0.1% to 14,982, with both indices trimming losses from earlier in the session, supported by optimism over US–Iran ceasefire talks.

US officials are reportedly set to travel to Pakistan for a second round of negotiations, with Iran signaling participation after earlier hesitation.

However, President Trump warned that extending the two-week ceasefire is “highly unlikely,” adding that the Strait of Hormuz blockade remains in place.

Meanwhile, President Xi Jinping called for an immediate ceasefire and the restoration of normal shipping through the strait, underscoring China’s concerns over potential global economic fallout.

Financial and technology stocks led the gains, including Industrial and Commercial Bank of China (0.66%), China Construction Bank Corporation (1.23%), Contemporary Amperex Technology (3.49%), and Zhongji Innolight (1.75%).



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