China Stocks Remain Strong
2026-04-22 03:02
By
Czyrill Jean Coloma
1 min. read
The Shanghai Composite edged up 0.1% to around 4,089 on Wednesday, hitting a fresh one-month high, while the Shenzhen Component gained 0.4% to 15,040, its strongest level since December 2021, as China remained relatively resilient to geopolitical tensions in the Middle East.
Despite President Trump extending a temporary ceasefire, planned follow-up talks stalled after Iran signaled it would not participate in further negotiations via intermediaries in Pakistan, casting uncertainty over diplomatic progress.
China’s strategic reserves, diversified imports, increased domestic output, and accelerated renewable adoption have helped cushion the impact of disruptions such as those in the Strait of Hormuz.
Gains were recorded in Foxconn (1.6%), China Shenhua Energy (1.2%), Luxshare Precision (1.8%), and NAURA Technology (3.6%).
In contrast, Contemporary Amperex Technology fell 2.3% after Sinopec offloaded $768.5 million worth of its shares via an accelerated bookbuild.