China Indexes Rebounded Amid a Lull In Middle East Conflict

Li Chen
24 Mar, 2026
Hong Kong

Stocks in China, Hong Kong, and Asia rebounded amid a lull in the U.S.-Israel war on Iran. 

The Hang Seng Index gained 1.4%, and the mainland-focused CSI 300 Index edged up 0.5%. 

The U.S. president claimed that Iran's "top person" is negotiating with the U.S., and both sides are inching closer to an "agreement."

However, Iran's leaders denied the existence of such talks and asserted that Trump is looking for ways to buy time to prepare for a ground invasion.

Brent crude oil jumped 4% to $103.93 a barrel as investors rejected Trump's claims of a possible resumption of energy product shipments through the Strait of Hormuz.

Metals, commodities, and energy markets overlooked Trump's misleading comments, and crude oil prices rose and precious metals declined amid worries of major central banks lifting rates. 

 

China Indexes and Stocks 

The Hang Seng Index increased 1.4% to 24,728.63, and the mainland-focused CSI 300 Index advanced 0.5% to 4,440.81. 

Alibaba Group, Tencent Holdings, and Baidu advanced between 1% and 2%. 

Zijin Mining, Zijin Gold International, and Laopu Gold soared between 3% and 8% amid volatile trading in the precious metals market. 

Zhejiang Galaxis Technology Group soared more than 78% to HK $29.25, and the company priced its initial public offering at HK $16.66 per share. 

The company raised HK$613 million in gross proceeds through the sale of 36.79 million shares. 

The intralogistics automation and robotics company said full-year 2024 revenue was 721.4 million yuan and net loss was 178.0 million yuan. 

Jiangsu New Vision Automotive Electronics traded at HK $31.20, and the human-vehicle interaction and visual solution provider listed its stock on the Hong Kong Stock Exchange. 

The advanced automotive products maker priced its initial public offering at HK $44.20 per share and raised gross proceeds of HK $771.27 million through the sale of 16.2 million shares. 

Revenues in 2024 increased to 577.6 million yuan, and net loss shrank to 137.9 million yuan.