Market Updates
China Stocks Lacked Direction Amid Global Stagflation Worries
Li Chen
29 Apr, 2026
Hong Kong
Stocks in China and Hong Kong diverged amid an uncertain geopolitical outlook and lingering tensions in the Persian Gulf.
The Hang Seng Index advanced 1.2%, and the mainland-focused CSI 300 Index fell 0.6%, as investors reviewed the latest batch of corporate results.
Brent crude oil prices fell 0.1% to $111.20 a barrel as U.S. and Iran peace talks stalled and the possibility of a prolonged closure of the Strait of Hormuz increased.
Tensions between the U.S. and China rose ahead of the planned summit between the leaders of two nations after Beijing regulators prevented Meta Platforms from acquiring AI startup Maus, asserting their control on key technologies.
China Indexes and Stocks
The Hang Seng Index increased 1.2% to 25,995.58, and the mainland-focused CSI 300 Index fell 0.6% to 4,788.53.
Foxconn decreased more than 3% even as the company reported a triple-digit growth in AI-driven revenue and earnings, driven by a strong demand for cloud computing and data centers.
Annual Returns
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Earnings
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