The Shanghai Composite Index fell 0.8% to below the 4,000 mark, while the Shenzhen Component slipped 0.3% to around 14,000, mirroring declines across other Asian markets as risk appetite weakened amid a fragile US–Iran ceasefire. The agreement, announced by US President Trump and anchored in a 10-point proposal that includes the potential reopening of the Strait of Hormuz, is already showing signs of strain and unsettling regional sentiment.
Iran’s parliamentary speaker accused the US of violating the terms of the deal, pointing to disputes over uranium enrichment, continued Israeli strikes in Lebanon, and alleged incursions into Iranian airspace.
On the domestic front, investors are awaiting China’s inflation data due Friday, which is expected to show a modest uptick in annual consumer prices and the first year-on-year increase in producer prices since September 2022.
At the stock level, notable decliners included Foxconn Industrial (-2.1%), Ping An Insurance (-1.7%), China Life Insurance (-1.9%), BYD (-1.8%), and Zijin Mining (-1.7%).
