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Foreign Markets - Detailed News

China stocks dip on geopolitical tensions but log weekly gains
24-Apr-26   16:35 Hrs IST
Chinese equities ended lower on Friday as rising geopolitical tensions and trade frictions weighed on investor sentiment. The Shanghai Composite Index fell 0.33% to close at 4,080, while the Shenzhen Component Index declined 0.69% to 14,940.

Markets were pressured by fading hopes for a quick resolution to Middle East tensions. Reports that Donald Trump authorised naval forces to 'shoot and kill' vessels allegedly laying mines in the Strait of Hormuz pushed oil prices higher, raising concerns about global inflation.

Additional pressure came from signs of rising costs among Chinese exporters, with several consumer goods recording sharp annual price increases in March. Investor sentiment was further dampened by accusations from the White House that China engaged in large-scale intellectual property theft from US AI labs, increasing tensions ahead of a planned leaders' summit next month.

In corporate developments, DeepSeek released a preview of its highly anticipated V4 model. Meanwhile, Eoptolink Technology shares dropped 11.67% despite reporting solid first-quarter earnings.

Despite Friday's declines, Chinese markets posted modest weekly gains, with the Shanghai Composite rising 0.7% and the Shenzhen Component adding 0.37%.

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