Chinese Shares Slide as Middle East Tensions Rise; Wus Printed Jumps 4% on Better Q1 Performance

MT Newswires Live04-23

Mainland Chinese shares slipped on Thursday on investor worries regarding rising tensions in the Middle East.

The Shanghai Composite Index, the main gauge of Chinese stocks, lost 0.3% or 13.01 points to reach 4,093.25. The Shenzhen Component Index slipped 0.9% or by 133.84 points to 15,043.45.

Investors became risk-averse following Iran's seizure of two ships in the Strait of Hormuz on Wednesday, Reuters reported Thursday.

The action comes after U.S. President Donald Trump said there is "no time frame" for the war with Iran due to the American blockade on Iranian ports, CNN reported separately.

Iran's chief negotiator earlier said talks with the U.S. are not possible as Tehran believes Washington violated the ceasefire due to the blockade, according to the BBC.

Onshore liquor sales saw relief, with the CSI Liquor Index jumping 2% at market close.

Shanxi Xinghuacun Fen Wine Factory (SHA:600809) closed 4% higher despite 2025 profit staying flat at 12.2 billion yuan.

Wus Printed Circuit Kunshan (SHE:002463) shares rose 3% during the closing bell following a 63% rise in its first-quarter profit.

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