China Stocks Retreat as Deal Optimism Falters
2026-05-26 01:58
By
Czyrill Jean Coloma
1 min. read
The Shanghai Composite slipped 0.6% to 4,130 on Tuesday, while the Shenzhen Component tumbled 1.2% to 15,677, with both benchmarks retreating from the previous session as fresh US military strikes in the Middle East dimmed hopes for a near-term peace agreement.
US forces on Tuesday launched strikes in southern Iran, describing the operations as defensive measures, even as Washington and Tehran were reportedly moving closer to a potential agreement aimed at easing tensions and reopening the Strait of Hormuz.
Meanwhile, Chinese investors are increasingly seeking alternative channels to trade overseas equities after Beijing intensified its crackdown on illicit cross-border stock trading in an effort to curb capital outflows.
Among individual stocks, major decliners included Foxconn Industrial Internet (-2.3%), Hygon Information Technology (-2.9%), Luxshare Precision Industry (-2.9%), and Sungrow Power Supply (-1.9%).