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Markets Score 38 Bullish

Chinese Equities Poised for Gains Amid Falling Oil and Wall Street Rally

Apr 15, 2026 01:03 UTC
SCI, SZSE, CL=F, ICBC, SINOPEC
Immediate term

Major Chinese indices are expected to open higher on Wednesday following a three-day winning streak. Positive sentiment is being driven by a sharp decline in crude oil prices and optimistic signals from U.S. markets.

  • Shanghai Composite Index closed at 4,026.63, up 0.95%
  • Shenzhen Composite Index rose 1.42% to end at 2,704.43
  • WTI crude dropped $7.18 to $91.90 per barrel
  • Property stocks led gains with Poly Developments up 3.84%
  • Energy stocks lagged, with PetroChina falling 1.32%
  • U.S. markets provided a strong lead with the NASDAQ gaining 1.96%

The Shanghai Composite Index (SCI) and Shenzhen Composite Index are maintaining upward momentum, with the SCI closing Tuesday at 4,026.63, a gain of 0.95%. This marks the third consecutive session of growth for the Chinese market, which has climbed approximately 1.5% over the period. The rally is largely attributed to external macro factors, specifically a significant drop in energy costs and hopes for a resolution to Middle East tensions. Reports of a second round of negotiations between the U.S. and Iran, combined with an International Energy Agency (IEA) warning regarding 'demand destruction,' sent West Texas Intermediate (WTI) crude tumbling 7.25% to $91.90 per barrel. Within the Chinese markets, financial and property stocks saw notable gains. Poly Developments surged 3.84%, while Agricultural Bank of China rose 1.81%. Conversely, the energy sector faced headwinds due to falling oil prices, with PetroChina and Yankuang Energy posting losses of 1.32% and 1.96%, respectively. The positive trajectory is further supported by a strong performance on Wall Street. The NASDAQ soared 1.96% and the S&P 500 rallied 1.18%, bolstered by U.S. producer price data that came in lower than anticipated. This global risk-on sentiment is expected to carry over into Wednesday's Asian trading session.

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