Market Updates

US-Iran Ceasefire Skepticism Clouded Market Sentiment In China and Asia

Li Chen
09 Apr, 2026
Hong Kong

     

    Market sentiment in stock and commodity trading remained weak amid uncertainty over the announced two-week ceasefire between the U.S. and Iran. 

    The Hang Seng Index declined by 0.3%, and the mainland-focused CSI 300 Index decreased by 0.6%, erasing some of the gains made in the previous session. 

    Delegations from Iran and the U.S. are set to meet in Islamabad, Pakistan, on Friday, as both sides prepare to find a way to end a five-week conflict. 

    Iran is likely to retain its sovereignty over the Strait of Hormuz and demand war reparations of over $100 billion, while the U.S. is looking for the end of Iran's nuclear program.

    Brent crude oil prices rose 3% to $97.13 a barrel amid skepticism about the two-week ceasefire, and Iran's speaker of the parliament blamed Israel for the continued attacks in Lebanon and the U.S. for violating Iran's airspace. 

    Domestically, investors are awaiting the release of inflation data on Friday, and consumer price inflation is likely to show a modest increase, and producer price inflation is expected to be positive for the first time in nearly four years. 

     

    China Indexes and Stocks 

    The Hang Seng Index decreased 0.3% to 25,813.49, and the mainland-focused CSI 300 index fell 0.6% to 4,566.22. 

    Alibaba Group, Tencent Holdings, and Baidu Inc. lacked direction and traded around the flatline. 

    China Vanke, China Overseas Land & Investment, and Sun Hung Kai Properties declined between 2% and 3%. 

    BYD, Xpeng, and Xiaomi declined around 4%, but Geely Automobile gained 3%. 

     

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