Ahead of the long Lunar New Year break, the China stock market had ended the four-day winning streak in which it had advanced almost 80 points or 2 percent. The Shanghai Composite Index now sits just above the 4,080-point plateau and it's likely to open to the downside again on Tuesday. The global forecast for the Asian markets is negative due to uncertainty surrounding U.S. tariff policies. The European and U.S. markets were down and the Asian bourses are expected to follow suit. The SCI finished sharply lower on Feb. 13 following losses from the financial shares, property stocks and resource companies. For the day, the index stumbled 51.95 points or 1.26 percent to finish at 4,082.07 after trading between 4,079.77 and 4,123.84. The Shenzhen Composite Index dropped 28.54 points or 1.05 percent to end at 2,680.39. Among the actives, Industrial and Commercial Bank of China dropped 0.97 percent, while Bank of China lost 0.56 percent, Agricultural Bank of China retreated 1.51 percent, China Merchants Bank sank 0.72 percent, Bank of Communications skidded 1.19 percent, China Life Insurance tumbled 1.64 percent, Jiangxi Copper tanked 2.76 percent, Aluminum Corp of China (Chalco) plunged 3.94 percent, Yankuang Energy slumped 0.91 percent, PetroChina plummeted 4.53 percent, China Petroleum and Chemical (Sinopec) crashed 3.48 percent, China Shenhua Energy stumbled 2.61 percent, Gemdale declined 1.49 percent, Poly Developments contracted 1.03 percent, China Vanke climbed 1.02 percent and Huaneng Power was unchanged.
The lead from Wall Street is bleak as the major averages opened lower and remained in the red throughout the session, ending near daily lows.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.