Chinese Shares Mixed Amid Middle East Conflict

MT Newswires Live03-02

Chinese equities were mixed as the global oil supply is under pressure amid the ongoing Middle East military conflict.

The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.5%, or 19.71 points, to close Monday's trade at 4,182.59. The Shenzhen Component Index slid 0.2%, or 29.31 points, to 14,465.79.

The U.S.-Israeli airstrikes against Iran are affecting the flow of discounted crude oil to China as the conflict spiked prices and prompted concerns that global supply might be delayed.

Iran is one of the countries supplying crude to China, standing as a cheaper alternative to other global markets.

In corporate news, a number of companies made gains and losses after reporting their 2025 earnings.

Geovis Technology (SHA:688568) soared 8.3% despite its attributable net profit dropping 91% year on year to 31.1 million yuan and operating revenue slipping 18% to 2.68 billion yuan.

China Railway Signal & Communication (SHA:688009) rose 3.5% after reporting a 4.7% increase in its profit to 3.66 billion yuan, while revenue edged up 6.2% to 34.7 billion yuan.

National Silicon Industry (SHA:688126) slumped 4.9% after its net loss attributable to owners widened from a year earlier.

Meanwhile, Hainan Airport Infrastructure's (SHA:600515) fell 3.2% after its passenger throughput fell 4.3% year over year to 5.5 million.

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