Shanghai Stock Exchange Weekly Wrap: 10-Year High Fades as Iran Risk, Muted China Policy Signals Hit Stocks
Shanghai shares closed at 4,124.19 on Friday, down 0.9% for the week after hitting a 10-year high Monday amid geopolitical tensions. The CSI300 fell 1.1% for the week, while Hong Kong’s Hang Seng dropped 3.3%. Beijing set a 2026 growth target of 4.5%-5% and announced new AI and technology initiatives during its annual parliament session.
