China Stocks on Two-Day Slide
2026-05-15 02:14
By
Czyrill Jean Coloma
1 min. read
The Shanghai Composite fell 0.9% to 4,140 on Friday, while the Shenzhen Component dropped 1.1% to 15,565, extending losses from the previous session as market sentiment remained fragile amid the Trump–Xi meeting.
President Xi Jinping warned that Taiwan could become a flashpoint for clashes between the US and China, calling the situation “highly dangerous.” He also reiterated strong opposition to US arms sales to Taiwan and Taiwanese independence.
Despite the firm remarks, US Trade Representative Jamieson Greer said both sides appeared open to extending the current trade truce.
Moreover, the White House said both sides discussed boosting Chinese imports of US farm products and oil, and indicated alignment on keeping the Strait of Hormuz open.
Notable laggards included Zijin Mining Group (-1.6%), Cambricon Technologies (-2%), BYD (-0.7%), and Wuliangye Yibin (-1.1%).
Over the week, the Shanghai Composite is on track for a weekly decline, while the Shenzhen Component is set to post gains.