China Stocks Remain Under Pressure

2026-05-28 02:08 By Czyrill Jean Coloma 1 min. read

The Shanghai Composite fell 0.3% to 4,080 on Thursday, marking its third straight decline, while the Shenzhen Component dropped 0.6% to 15,644 for a second consecutive session, as lingering uncertainty over a potential US-Iran deal continued to dampen sentiment.

The US confirmed defensive airstrikes on an Iranian military site, while key issues in US-Iran negotiations such as Tehran's control of the Strait of Hormuz and its nuclear program remain unresolved.

Domestically, concerns over weakening Chinese fuel demand resurfaced as disruptions to oil flows through the Strait of Hormuz added pressure to energy markets.

According to London-based consultancy Energy Aspects Ltd., China’s crude oil imports are on track to average 10.9 million barrels per day this year, the lowest since 2022.

Technology stocks led the decline, with Hygon Information Technology (-7.1%), Cambricon Technologies (-5%), NAURA Technology (-3.5%), and Victory Giant Technology (-3.5%) posting sharp losses.



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China Stocks Remain Under Pressure
The Shanghai Composite fell 0.3% to 4,080 on Thursday, marking its third straight decline, while the Shenzhen Component dropped 0.6% to 15,644 for a second consecutive session, as lingering uncertainty over a potential US-Iran deal continued to dampen sentiment. The US confirmed defensive airstrikes on an Iranian military site, while key issues in US-Iran negotiations such as Tehran's control of the Strait of Hormuz and its nuclear program remain unresolved. Domestically, concerns over weakening Chinese fuel demand resurfaced as disruptions to oil flows through the Strait of Hormuz added pressure to energy markets. According to London-based consultancy Energy Aspects Ltd., China’s crude oil imports are on track to average 10.9 million barrels per day this year, the lowest since 2022. Technology stocks led the decline, with Hygon Information Technology (-7.1%), Cambricon Technologies (-5%), NAURA Technology (-3.5%), and Victory Giant Technology (-3.5%) posting sharp losses.
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