The Shanghai Composite fell 0.4% to 4,069 on Tuesday, retreating from a one‑month high, while the Shenzhen Component lost 0.9% to 14,837 after briefly touching its strongest level in more than four years. The pullback came as uncertainty persisted despite optimism over US–Iran ceasefire negotiations.
US officials are expected to travel to Pakistan for a second round of talks, with Iran now signaling its willingness to participate after earlier hesitation. However, Trump stated that extending the current two‑week ceasefire is “highly unlikely” unless a deal is reached by Wednesday evening (Washington time), and confirmed that the blockade in the Strait of Hormuz remains in force.
In contrast, Xi Jinping called for an immediate ceasefire and the restoration of normal shipping through the strait, underscoring Beijing’s concerns about potential fallout for the global economy.
On the corporate front, Victory Giant declined 3.5% following its Hong Kong listing debut. Other notable losers included BYD (-1.2%), Luxshare Precision Industry (-2.4%), and NAURA Technology (-3.4%).
