China stocks slip as investors eye US-Iran talks
Tuesday, April 21, 2026       13:09 WIB

Apr 21, 2026, 11:47 GMT+7
Reuters - Mainland China stocks slid while Hong Kong shares inched higher on Tuesday, as investors anxiously awaited potential peace talks between the United States and Iran to ease tensions in the Middle East and relieve a recent global energy supply shock.
** Iran was considering attending peace talks with the United States in Pakistan, a senior Iranian official told Reuters on Monday, following moves by Islamabad to end a U.S. blockade of Iran's ports, a significant obstacle to Tehran rejoining peace efforts as the end of a two-week ceasefire approaches.
** At the midday break, the benchmark Shanghai Composite indexslipped 0.24%, while the blue-chip CSI300 Indexlost 0.35%.
** Artificial intelligence shares were among the biggest drags in morning deals, with a sub-indextracking the sector dropping 2.42% by midday.
** In Hong Kong, the benchmark Hang Seng Indexinched up by 0.13%, while the city's tech shareslost 0.74%.
** "We see about 5-10% upside for Chinese equities towards year-end with a few positive developments shaping up; however, near-term volatility remains high," analysts at Morgan Stanley said in a note this week.
** "We also expect the path to remain choppy in the near term with volatility persisting through May to July given uncertainty around the U.S.-China presidents meeting, first-quarter earnings season, IPO shares unlocking as well as the ongoing Middle East situation."
** Separately, shares of Chinese circuit board maker Victory Giant Technologyjumped 60% in their Hong Kong debut on Tuesday, after raising HK$20.1 billion in a share sale in the city's biggest listing in about seven months.
** Hong Kong carrier Cathay Pacificis aiming to raise about HK$2 billion through a one- or two-tranche fixed-rate Hong Kong dollar bond, sources told Reuters.

Sumber : Reuters