Published on 05/18/2026 at 04:18 am EDT
(Reuters) - Mainland China and Hong Kong stocks ended lower on Monday as investor focus shifted from U.S.-China talks to escalating tensions in the Middle East and a global bond selloff, while a string of weaker-than-expected activity data also weighed on sentiment.
** At the close, the Shanghai Composite Index slipped0.1%, while China's blue-chip index CSI300 lost 0.5%.
** Hong Kong's benchmark Hang Seng Index led losses across Asian markets, down 1.1%, mirroring an overnight decline on Wall Street.
** Market sentiment weakened after data showed China's growth lost momentum in April, with industrial output and retail sales both sharply missing expectations as the world's second-largest economy grappled with higher energy costs from the Iran war and persistently weak domestic demand.
** Fresh attacks in the Gulf pushed oil prices and bond yields higher, further dampening investors' risk appetite.
** A drone strike caused a fire at a nuclear power plant in the United Arab Emirates, while Saudi Arabia said it intercepted three drones. U.S. President Donald Trump also warned Iran to move "fast" on a deal.
** Investors are increasingly concerned that central banks may tighten policy further to contain inflation pressures, overshadowing the Trump-Xi summit, which produced limited concrete outcomes.
** "In our view, the summit delivered short-term stabilization for both leaders," Nomura economist Lu Ting said, referring to a new paradigm described by Washington as a pragmatic arrangement and by Beijing as a "Constructive Strategic Stability U.S.-China Relationship".
** "We believe the summit is overall a success, though it might disappoint some people who had too high expectations right before the summit."
** China-listed agriculture stocks fell more than 2% after the White House said Beijing committed to buying at least $17 billion worth of U.S. agricultural products annually from 2026 to 2028.
** In contrast, Chinese chipmakers rose after U.S. officials indicated during the two-day summit in Beijing last week that semiconductor export controls were not a key issue, suggesting any breakthrough on Nvidia's H200 chip sales to China remained distant.
(Reporting by Shanghai Newsroom; Editing by Sherry Jacob-Phillips and Rashmi Aich)

Sumber : Reuters