China Stocks Fall as US–Iran Talks Remain Unclear

2026-04-28 02:41 By Czyrill Jean Coloma 1 min. read

The Shanghai Composite fell 0.19% to close at 4,079 on Tuesday, while the Shenzhen Component dropped 1.1% to 14,830, as market sentiment was dampened by lingering uncertainties surrounding US–Iran diplomacy.

US officials said President rump is wary of Iran’s latest proposal to reopen the Strait of Hormuz and de-escalate the ongoing conflict, pointing to what Washington views as Tehran’s continued unwillingness to meet key US demands.

Tech stocks also weighed on the market, with Zhongji Innolight down 3.74% after China ordered Meta to unwind its acquisition of Manus AI, underscoring tighter AI oversight and technology leakage concerns.

Meanwhile, Contemporary Amperex Technology fell 1.66% after announcing a $5 billion discounted share placement and signed a three-year sodium-ion battery deal with Beijing HyperStrong.

Separately, the Politburo, one of the Communist Party’s highest decision-making bodies, pledged to bolster energy security and shield the economy from external shocks.



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