The Shanghai Composite dropped 0.8% to below 4,000, while the Shenzhen Component fell 0.3% to 14,000, tracking losses across Asian peers as sentiment turned cautious amid a fragile US–Iran ceasefire. The agreement, announced by US President Trump and tied to a 10-point proposal involving a potential reopening of the Strait of Hormuz, has already come under strain, putting regional risk sentiment on edge.
Iran’s parliamentary speaker accused the US of violating the deal, citing disputes over uranium enrichment, continued Israeli strikes in Lebanon, and alleged airspace breaches. Locally, investors are focused on China’s upcoming inflation data due Friday, expected to show a modest rise in annual consumer prices and a return to year-on-year growth in producer prices for the first time since September 2022. Among individual stocks, notable losses were seen from Foxconn Industrial (-2.1%), Ping An Insurance (-1.7%), China Life Insurance (-1.9%), BYD (-1.8%), and Zijin Mining (-1.7%).
