The Shanghai Composite Index slipped 0.4% to 3,917 and the Shenzhen Component Index declined 0.3% to 13,756 on Thursday, pulling back after two straight sessions of gains as investors assessed mixed signals over efforts to ease tensions in the Middle East. According to reports, the US has submitted a 15-point proposal to Iran, via Pakistan, aimed at ending the ongoing conflict. However, uncertainty lingered after Iranian state media said Tehran had responded negatively, quoting a senior political-security official who outlined a counterproposal.
At the same time, the White House announced that US President Donald Trump is scheduled to visit Beijing on May 14–15 for a high-level summit with Chinese President Xi Jinping.
On the domestic market, losses were led by BYD Company (-1.1%), Ping An Insurance (-1.5%), NAURA Technology Group (-1.1%), and Zijin Mining Group (-1.3%). In contrast, Contemporary Amperex Technology (2.6%), Sungrow Power Supply (1.1%), and PetroChina (0.3%) were among the notable gainers.
