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Shenzhen Composite Index

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526 stories mentioning Shenzhen Composite IndexUpdated just now

Trading amid mixed May data from China, including faster industrial production growth but falling fixed-asset investment and retail sales.

Asia

Market Chatter: Investors Look Beyond Trade Tensions at Trump-Xi Summit

Investors are betting that trade disputes will take a back seat when U.S. President Donald Trump meets Chinese President Xi Jinping in Beijing, Reuters reported Tuesday.Instead, investors are focused on artificial intelligence and possible easing of U.S. chip export curbs, according to the report.China's yuan has climbed to a three-year high, while the Shanghai Composite has reached an 11-year peak amid AI-driven export growth, Reuters wrote.Fund managers remain optimistic despite concerns over Iran, Taiwan and rare earths. Investors are closely watching whether Washington will allow more advanced NVIDIA chips into China, viewing AI development as the market's primary driver, Reuters cited Zeng Wanping, manager at Beijing Monolith Fund.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: Trump Shuns China's Help on Iran Ahead of High-Stakes Beijing Summit

US President Donald Trump said he does not need China's help to settle the conflict with Iran, Reuters reported Tuesday."I don't think we need any help with Iran. We'll win it one way or the other, peacefully or otherwise," the president reportedly said.The conflict has led to the closure of the Strait of Hormuz, causing global disruptions to oil supplies and pricing.Iran has appeared to strengthen its hold on the Strait by canceling oil and LNG delivery contracts with Iraq and Pakistan, prompting other countries to seek alternative agreements, sources told Reuters.Trump is expected to discuss the Iran war with Chinese President Xi Jinping during his visit to Beijing this week."We have a lot of things to discuss. I wouldn't say Iran is one of them, to be honest with you, because we have Iran very much under control," Trump told reporters, as per the Associated Press.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: Nvidia CEO Joins Trump's Delegation to China in Last-Minute Decision

Jensen Huang, Nvidia's chief executive officer, joined U.S. President Donald Trump in his trip to China, according to a Wednesday report on Bloomberg News.Huang was previously reported as not being part of the US delegates to the trip, which included SpaceX and Tesla's Elon Musk, Apple's Tim Cook, Boeing's Kelly Ortberg and Meta's Dina Powell McCormick.The White House confirmed in an email the inclusion of Musk, Cook, Ortberg and McCormick, but did not mention Huang as being part of the US delegation.Huang was seen boarding Air Force One in an Alaskan stopover, according to the media outlet.White House spokesman Steven Cheung told Bloomberg there were changes in Huang's schedule, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: US CEOs Join Trump for China Summit in Market Access Push

A delegation of prominent U.S. executives, including leaders from Meta, Tesla, BlackRock, Illumina, Mastercard and Visa, will accompany Donald Trump during his May 14 to May 15 summit with Chinese President Xi Jinping in Beijing, Reuters reported Tuesday.Unlike Trump's 2017 visit centered on large trade agreements, sources familiar with the matter said this year's delegation is focused on resolving regulatory and supply-chain issues in China, according to the report.Companies are seeking approvals, investment access and eased restrictions as tensions persist between the world's two largest economies, with the executives hoping the meeting will advance long-running business negotiations and improve commercial ties, Reuters wrote.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

US to Participate in APEC 2026 in China

The U.S. confirmed that it is sending a delegation to the second APEC 2026 Senior Officials' Meetings and Ministerial Meetings in China, which kicked off on Monday and will run through May 23.The U.S. State Department on Tuesday said the move is aimed at "advancing America First foreign, trade, and investment policies."The U.S. delegation includes U.S. Senior Official for APEC Casey Mace and Deputy Assistant Secretary for Cyberspace and Digital Policy John Mills to attend sessions covering trade and investment, digitalization and telecommunications, food safety, and the automotive industry.Paige Willey, Deputy Assistant to the President, will lead the U.S. delegation in Shanghai on Friday, while Ambassador Rick Switzer, Deputy U.S. Trade Representative, will head the delegation in Suzhou from May 22 to May 24.The State Department made the announcement hours after U.S. President Donald Trump set off for Beijing for a high-stakes summit with Chinese President Xi Jinping.

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Asia

Market Chatter: China, US Agree Against Strait of Hormuz Tolls, US State Department Says

Senior Chinese and U.S. officials have agreed that no action should be permitted to impose shipping tolls in the Strait of Hormuz, Reuters reported Tuesday, citing the U.S. State Department.Chinese Foreign Minister Wang Yi and U.S. Secretary of State Marco Rubio reportedly discussed the issue during a phone call in April."They agreed that no country or organization can be allowed to charge tolls to pass through international waterways like the Strait of Hormuz," State Department spokesman ​Tommy Pigott was quoted by Reuters as saying.The Chinese embassy in Washington did not dispute the U.S. account, with embassy spokesperson Liu Pengyu telling Reuters that "[k]eeping the area safe and stable and ensuring unimpeded passage serves the common interest of the international community."The statements came as U.S. President Donald Trump heads to China for the first time in over nine years for a high-stakes summit with Chinese President Xi Jinping.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: Trump Downplays Iran Tensions Ahead of Beijing Summit

U.S. President Donald Trump departed for Beijing on Tuesday, seeking to downplay differences with Chinese President Xi Jinping over Iran, the Associated Press reported Tuesday."We're going to have a long talk about it. I think he's been relatively good, to be honest with you," Trump was quoted by the AP as saying before he left the White House for his flight."We have a lot of things to discuss. I wouldn't say Iran is one of them, to be honest with you, because we have Iran very much under control."(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: Investors Cautious About Underpinning Hopes on Trump-Xi Summit

Investors in China are betting on the meeting between Presidents Xi Jinping and Donald Trump to sustain relaxed relations helping prop up stocks and the renminbi, Bloomberg reported Monday.Watchers are no longer focusing on a big reset in U.S.-China relations but are now looking at whether Xi and Trump could avoid butting heads on trade, technology, and geopolitics, the report said."Tariffs and trade tensions have taken a backseat on investors' minds for now, given the supply risk to energy and petrochemicals," Bloomberg quoted JPMorgan Asset Management Chief Market Strategist Tai Hui as saying.While experts are not anticipating major policies from the meeting, fringe deals such as Chinese purchases of U.S. soybeans or aircraft could happen, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

US Senators Ask Trump to Hold Fast on Shipbuilding in Meeting with Xi

A group of U.S. senators called on President Donald Trump to prioritize the country's shipbuilding industry by not offering concessions to China ahead of his meeting with President Xi Jinping, according to a Monday press release.In a letter to Trump, Democratic Senators Tammy Baldwin of Wisconsin and Mark Kelly of Arizona, as well as Republican Senators Tim Scott of South Carolina and Todd Young of Indiana, said China's efforts to "decimate American shipbuilding" deserve no opportunity for compromise.Trump and Xi earlier agreed to suspend tit-for-tat fees on each other's ships for one year, Reuters reported separately.The U.S. is set to resume its fees for Chinese ships beginning Nov. 10 unless Washington grants further concessions, the report said.

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Equities

US Sanctions Hong Kong, UAE Firms Linked to Iran's Oil Sales to China

The U.S. Treasury Department sanctioned nine companies, including four each based in Hong Kong and the United Arab Emirates, for helping Iran ship oil to China, according to a Monday press release.Hong Kong-based Hong Kong Blue Ocean, Hong Kong Sanmu, Jiandi HK, and Max Honor International Trade helped Golden Globe, said to be a cover company arranging oil sales for Iran, the Office ⁠of Foreign Assets Control said.UAE-based Ocean Allianz Shipping, Atic Energy FZE, Blanca Goods Wholesaler, and Universal Fortune Trading, as well as Oman's Zeus Logistics, also helped the Islamic Revolutionary Guard Corps with oil purchases.The U.S. Treasury "will continue to cut the Iranian regime off from the financial networks it uses to carry out terrorist acts and to destabilize the global economy," Secretary Scott Bessent said in a statement.

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Asia

Speculative-Grade Corporate Defaults Could Worsen Amid Middle East Impact, S&P Says

Speculative-grade corporate defaults in Asia-Pacific could rise over the next year amid the impact of the Middle Eastern conflict, S&P Global Ratings said in a recent release.The region's trailing 12-month speculative-grade corporate default rate could soar to 2.25% by March next year from 0.7% in December 2025.The rise in defaults will keep energy prices above pre-war figures for a significant period, S&P analyst Nick Kraemer said.S&P's forecast for the default rate ranges from zero under its optimistic scenario to 5% under a pessimistic case.The optimistic scenario considers S&P's base case for the conflict and little to zero direct impact from the stoppage of energy and materials flows.Meanwhile, the pessimistic scenario entails lingering disruption to energy and shipping flows and stronger credit stress, S&P said.

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Asia

Re-defaults in China's Bond Market Rising Amid Continued Housing Weakness, S&P Says

Lingering housing slowdown has driven greater re-defaults in China's bond market, S&P Global Ratings said in a recent release.About 40% of the country's restructured domestic bonds have re-defaulted since 2020, the rating agency said.A third housing market downturn under the crisis catalyzed by China Evergrande Group's default may prompt increased re-defaults in 2027, S&P's Greater China country lead for corporates Charles Chang said.Systemic risk concerns stemming from the crisis will worsen scenarios, especially with the added impact of the Iran conflict, Chang said.Given these challenges, the government carried out directives against outright defaults, leading to zero offshore bond default rates and amounts for new defaulters for the year to date, S&P said.However, declining default rates will further weigh on credit differentiation in the country's bond market and efficient credit allocation, according to Chang.

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Asia

China Stocks Fall Amid Anticipation of Trump-Xi Summit; Rare Earths Slide

Chinese stocks declined Tuesday as investors await with bated breath the outcome of the talks between Presidents Donald Trump and Xi Jinping.The Shanghai Composite Index, the main gauge of Chinese stocks, lost 0.3% or 10.53 points to reach 4,214.49. The Shenzhen Component Index fell 0.5% or by 74.38 points to 15,824.92.China and the U.S. should take a long-term view to ensure continuing trade and economic relations between the two countries, an editorial by the Communist Party's People's Daily newspaper said."Economic and trade relations continue to serve as the 'ballast' and 'propeller' of China-US relations," the editorial said.Meanwhile, the CSI Rare Earth Industry Index slid 3% during the closing bell, leading onshore declines. China Northern Rare Earth (Group) High-Tech (SHA:600111) plunged 6% while China Rare Earth Resources and Technology (SHE:000831) closed 4% lower.Ningbo Hicon Industry Technology (SHE:001237) priced its initial public offering at 53.26 yuan per sahre, while Jiadeli Electronics Material (SHA:603435) priced its offering at 15.76 yuan apiece.

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Asia

Market Chatter: ADB to Trim ASEAN Growth Forecasts as US-Iran War Drags On

The Asian Development Bank's (ADB) previous "early stabilization" scenario is no longer valid amid continued war in the Middle East, The Star reported Tuesday, citing ADB chief economist Albert Park's address to reporters.This prompts a revision of the earlier outlook, he reportedly said, as the conflict has stretched beyond initial expectations. Under updated projections, regional growth is now seen slowing to 4.7% in 2026 and 4.8% in 2027, while inflation forecasts have also been revised higher to 5.2% this year.Park warned that energy markets remain under pressure, with gas prices up around 30% and diesel rising even more sharply, while fertilizer costs have surged, raising risks for food and industrial supply chains. He also cautioned that prolonged disruption could keep oil prices elevated, with scenarios showing averages near $96 per barrel in 2026 and even higher in worst-case conditions, the news outlet said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

US Legislators File Bills to Prohibit Imports of China-Linked Vehicles

U.S. lawmakers introduced a bipartisan bill prohibiting the importation and manufacture of China-linked vehicles in the country, according to a Monday press release.Representatives John Moolenaar and Debbie Dingell filed the Connected Vehicle Security Act, codifying former U.S. President Joe Biden's 2025 regulations that barred Chinese and Russian vehicle software and hardware.The bill partners similar legislation in the Senate filed by Democrat Elissa Slotkin and Republican Bernie Moreno.Under the proposed bill, the U.S. will prohibit importing, manufacturing, selling, or introducing connected vehicles into American soil from countries it considers adverse, including China, Russia, North Korea, and Iran, effective Jan. 1, 2027.Connected vehicle software will be banned beginning Jan. 1, 2027, while connected vehicle hardware will be prohibited beginning in 2030.

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Asia

US Carmakers, Lawmakers Urge Trump to Bar Chinese Auto Investments

Days before U.S. President Donald Trump's visit to China, U.S. auto industry leaders and lawmakers called on him to bar China from accessing the American car market, Reuters reported Monday.The plea came after Democratic Senator Elissa Slotkin visited the Detroit Economic Club to urge Trump to not sign a deal with Chinese President Xi Jinping to allow Chinese investment in the car industry, the report said.Slotkin and Republican ⁠Senator Bernie Moreno of Ohio filed a bill that would explicitly prohibit Chinese cars in the U.S. over data security concerns, the report said.In January, Trump said in a Detroit Economic Club event that it would be great for Chinese carmakers to set up shop in the U.S., the report said.Trump's comments alarmed industry leaders who have sought to lobby earlier administrations to bar Chinese cars in the U.S., Reuters said.

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Asia

Market Chatter: Trump to Arrive in Beijing With Elon Musk, Apple's Cook, Boeing's CEO

US President Donald Trump will be accompanied by Tesla's Elon Musk, Apple's Tim Cook and Boeing CEO Kelly Ortberg during his official visit to China this week, Reuters reported Monday, citing a White House official.The delegation is expected to include GE Aerospace CEO Larry Culp, the report said.During the visit, China is expected to announce its planned purchase of aircraft from Boeing and agriculture and energy products from the US, the report said.Other executives joining the trip include leadership from BlackRock, Blackstone, and Mastercard, along with Meta's Dina Powell McCormick.However, Nvidia CEO Jensen Huang was not invited to participate as the talks will focus more on agriculture and commercial aviation, a person familiar with the matter told Reuters.Cisco CEO Chuck Robbins was invited but declined due to a scheduling conflict with the company's quarterly earnings release this week, the report said.The White House did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: Chinese Refiners Call on Beijing to Trim Oil Processing Rates

Private Chinese refiners are requesting Beijing to reduce rates of oil processing as they are being pressured amid higher input costs brought by the Middle East war, Bloomberg News reported Monday, citing insiders.The request was made a month after the National Development and Reform Commission released an order that refiners should retain production at 2025 levels at any cost to ensure the availability of domestic fuel, the report said.The order caused run rates in April to hike to the highest in almost two years, while processors are incurring losses, according to the media outlet.The NDRC has not immediately responded to' request for comment on the matter.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

China's Expanding Industrial Policy Carries Risks as Beijing Does Not Back Down, US Commerce Group's Report Says

China's industrial policy may bring risks to the global economy as Beijing doubles down on expanding the industrial sector, according to a report published by the U.S. Chamber of Commerce on Monday.Some of the risks involve potentially reducing the effectiveness of resource allocation, pressure on corporate profitability, weakening private investment and slowing research and development growth in some key sectors.The report, which was prepared by research firm Rhodium Group, said around $650 billion worth of global exports, which represents 12% of G7 countries' exports, "could be directly exposed to Chinese market share gains by 2030 if they continue at the current pace."The report said the impact of China's industrial and economic policies is expected to continue expanding globally as the government keeps on providing support and encouraging firms to upgrade production technologies, instead of cutting capacity, neglecting to address weakness in demand."While authorities have acknowledged the need to address imbalances, policy responses have so far fallen short of the structural reforms required to shift China's growth model," the report said.

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International

China Logistics Sector Contracts in April

China's logistics sector contracted in April, with the index tracking the market falling to 49.7% from 50.2% in March, according to the China Federation of Logistics and Purchasing.The new orders index rose for a second consecutive month to 49.8%.The business activity expectations index stood at 56.3%, remaining in expansion territory for four straight months.The postal and express delivery industry posted a total business volume index of 69.6%, sustaining high growth momentum.

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