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Chinese Stocks Edge Up as Oil Retreats

The Shanghai Composite Index edged up 0.2% to around 3,820 on Tuesday, pausing a three-day losing streak, as a sharp pullback in global oil prices and signs of delayed military escalation in the Middle East lifted investor sentiment. The rebound followed a temporary postponement of US action against Iran, easing fears of a severe energy supply shock and helping cool inflation concerns. Lower bond yields also reduced expectations for aggressive interest rate hikes, providing further support to equities. Gains were aided by a broader regional recovery, though uncertainty surrounding the Strait of Hormuz and ongoing geopolitical risks capped upside. Leading gains in various sector included Zijin Mining (+1.44%), Wuxi AppTec (+4.54%), Meili Cloud Computing (+6.96%), and CNPC Capital Company (+4.51%).

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