China Stocks End Over 1% Lower
2026-09-11 02:07
By
Czyrill Jean Coloma
1 min. read
The Shanghai Composite slipped 1.18% to close at a two-week low of 3,888.1 on Friday, while the Shenzhen Component fell 1.08% to an over one-month low of 13,471.3, as rising oil prices and higher US Treasury yields weighed on risk appetite across Asian markets.
Crude oil remained elevated after Trump said he did not expect the Iran war to end before the November midterm elections and that oil prices were unlikely to decline until then.
Meanwhile, a surge in Treasury yields boosted the dollar after the US Treasury Department's first expanded buyback operation attracted weaker-than-expected demand.
Meanwhile, attention now turns to key economic data next week, including house prices, fixed-asset investment, industrial output, retail sales, and the unemployment rate.
Among the biggest laggards were Zijin Mining Group (-5.42%), CMOC Group (-4.52%), CATL (-2.23%), and East Money Information (-3.48%).
Over the week, the Shanghai Composite lost 1.07%, while the Shenzhen Component fell 0.34%.