The Shangai Composite Index Closes 2.06% Lower

The Shangai Composite Index dropped 82 points or 2.06 percent on Monday to close at 3914 points. Losses were led by Datang Intl (-9.94%), Sanan Optoelectron (-7.50%) and Avic Aviation Engine (-7.32%).

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%).

The Shangai Composite Index fell 39 points or 0.97 percent on Friday to close at 3997 points. Leading the losses are China Merchants Securities (-5.24%), Bank Of Beijing (-4.31%) and Sanan Optoelectron (-3.20%). Top gainers were Aisino (4.89%), BAIC BluePark (4.31%) and Yonghui Superstore (3.92%).