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Market Commentary - Foreign Markets
China Stocks weighed down by Middle East tensions
01-Sep-2026, 05:53
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%.
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%.