01-Sep-2026      17:53

China Stocks weighed down by Middle East tensions

Chinese stocks declined on Tuesday, impacted by escalating Middle East tensions despite better manufacturing data. The Shanghai Composite fell 0.16% to 3,979.9, and the Shenzhen Component dropped 1.02%. Concerns over potential shipping disruptions from US-Iran strikes weighed on sentiment. Notably, the private Caixin PMI improved to 51.5, exceeding expectations. However, technology and semiconductor stocks struggled, with Foxconn Industrial Internet down 2.93% and SMIC falling 2.01%.

News source: Capital Market - Live News