2026.05.1402:14:39UTC+00Shanghai Stocks Hover Near 11-Year High

The Shanghai Composite slipped 0.2% to around 4,233, remaining close to its highest level since July 2015, while the Shenzhen Component fell 0.9% to 15,950, as investors closely tracked the highly anticipated summit between US President Donald Trump and Chinese President Xi Jinping.

The meeting, seen as a pivotal moment for US–China relations, is expected to cover a wide range of sensitive issues, including the Iran conflict, trade and tariffs, artificial intelligence, and Taiwan. Trump is reportedly set to press Beijing to leverage its ties with Tehran to help reopen the Strait of Hormuz, though he has downplayed the Iran conflict as the central focus of the talks.

The long-awaited summit had been postponed for weeks amid tensions over the Iran conflict, and investors are now watching closely for any signs of a diplomatic breakthrough that could lift global market sentiment.

Notable decliners in the session included Cambricon Technologies (-2.2%), Luxshare Precision Industry (-4.1%), and Shennan Circuits (-4.0%).