The China stock market has moved lower in back-to-back sessions, stumbling more than 50 points or 1.9 percent along the way. The Shanghai Composite Index now sits just above the 2,735-point plateau although it's expected to open to the upside on Tuesday. The global forecast for the Asian markets is positive on anticipated bargain hunting and on the outlook for interest rates. The European and U.S. markets were solidly higher and the Asian bourses are tipped to open in similar fashion. The SCI finished sharply lower on Monday following losses from the financial shares, property stocks and resource companies. For the day, the index dropped 29.32 points or 1.06 percent to finish at 2,736.49 after trading between 2,726.97 and 2,756.56. The Shenzhen Composite Index lost 8.95 points or 0.59 percent to end at 1,496.23. Among the actives, Industrial and Commercial Bank of China shed 0.53 percent, while Bank of China dropped 0.85 percent, China Construction Bank sank 0.84 percent, China Merchants Bank surrendered 3.23 percent, Agricultural Bank of China collected 0.22 percent, China Life Insurance shed 0.74 percent, Jiangxi Copper retreated 1.21 percent, Aluminum Corp of China (Chalco) tumbled 1.86 percent, Yankuang Energy plummeted 5.62 percent, PetroChina stumbled 2.74 percent, China Petroleum and Chemical (Sinopec) tanked 3.33 percent, Huaneng Power skidded 1.05 percent, China Shenhua Energy slumped 2.16 percent, Gemdale improved 0.83 percent, Poly Developments declined 1.95 percent and China Vanke weakened 1.55 percent.
The lead from Wall Street is upbeat as the major averages opened higher on Monday and remained well in the green throughout the trading day.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.