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Indices

China Stocks Track Asian Peers Lower

The Shanghai Composite fell 0.5% to 3,932 on Thursday, while the Shenzhen Component dropped 0.5% to 13,657, tracking losses across Asian markets as surging oil prices fueled inflation concerns. Crude oil prices remained elevated after Iran signaled readiness for a more intense conflict, while US President Donald Trump ruled out a quick end to the war, saying it was unlikely to conclude before the November midterm elections. Domestically, investors are seeing signs of rising inflationary pressures, with annual consumer inflation accelerating in August as higher food and energy prices pushed up costs. The pick up reflected renewed concerns over potential supply disruptions through the Strait of Hormuz amid escalating tensions between the US and Iran. Among the biggest decliners, Foxconn Industrial Internet fell 1.2%, Ping An Insurance lost 1.8%, CATL dropped 1.5%, and Zhongji Innolight slid 1.8%.

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