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Markets Score 48 Bullish

China Equities Extend Rally Amid Middle East De-escalation Hopes

Apr 17, 2026 01:03 UTC
CL=F, SSEC, SZSE
Short term

The Shanghai Composite Index has climbed for five consecutive sessions as investors react to positive global cues. Market sentiment is bolstered by a reported ceasefire between Israel and Lebanon and potential US-Iran diplomacy.

  • Shanghai Composite Index gained 2.2% over five sessions
  • Shenzhen Composite Index rose 1.80% to 2,733.57
  • Aluminum Corp of China surged 4.07%
  • WTI Crude oil rose to $94.74 per barrel
  • US markets reached record highs in S&P 500 and NASDAQ

Chinese equity markets are poised for further gains on Friday following a five-day winning streak that has pushed the Shanghai Composite Index (SCI) above the 4,055-point threshold. The index has advanced approximately 2.2%, or 90 points, during this period. The rally is occurring against a backdrop of cautious optimism regarding geopolitical tensions in the Middle East. Market participants are reacting to an announcement of a 10-day ceasefire between Israel and Lebanon, alongside anticipation of a second round of peace talks between the United States and Iran. On Thursday, the SCI closed at 4,055.55, gaining 0.70%. The Shenzhen Composite Index saw a more pronounced jump of 1.80%, ending at 2,733.57. Sector performance was mixed; while resource companies provided strength—highlighted by a 4.07% surge in Aluminum Corp of China—financials and property stocks showed varied results. This momentum aligns with record closes for the S&P 500 and NASDAQ in the U.S. However, volatility remains in the energy sector. West Texas Intermediate (WTI) crude climbed 3.78% to $94.74 per barrel, as supply disruption fears persist despite the diplomatic progress.

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