China Stocks Tumble to 1-Month Low

2026-07-13 02:08 By Czyrill Jean Coloma 1 min. read

The Shanghai Composite lost 2.06% to close at 3,913.8 on Monday, while the Shenzhen Component slumped 3.48% to 14,522.9, with both benchmarks closing at one-month lows as escalating US-Iran tensions weighed on sentiment and triggered selling pressure.

The US carried out fresh strikes on multiple targets across Iran, aiming to curb Tehran’s ability to threaten shipping through the Strait of Hormuz.

Iran responded by attacking regional countries hosting US troops.

Conflicting claims over the Strait of Hormuz added to uncertainty, with Washington saying it remains open and Tehran declaring it closed.

Meanwhile, China reportedly urged major refiners to maintain strong fuel output to bolster energy security as disruptions to Persian Gulf oil shipments loom, despite ample fuel stockpiles and subdued consumption.

Notable laggards included Zijin Mining Group (-1.3%), GigaDevice Semiconductor Inc. (-10%), BYD (-3.36%), Luxshare Precision Industry (-4.58%), and Shennan Circuit (-7.61%).



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