Shanghai Composite slips 0.82% as US indexes split on Tuesday
The Shanghai Composite fell 0.82% to close at 3,608.10 while the Dow dropped and the Nasdaq and S&P 500 rose; WTI crude eased.
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what happened
According to TradingView, citing RTTNews and dpa-AFX, the Shanghai Composite lost 29.93 points, or 0.82%, on Tuesday, closing at 3,608.10 after trading between 3,580.38 and 3,624.58. Financial, utility and technology shares weighed on the index. The Shenzhen Composite dropped 1.15% to end at 2,073.19.
In the United States the picture was mixed. The Nasdaq gained 0.83% to 25,372.01, the S&P 500 added 0.36% to 7,568.92, and the Dow Jones fell 0.38% to 51,786.72. Apple shares slid 1.9% despite higher quarterly revenue and profit, after the company guided to a gross margin slightly below consensus. Chipmakers rebounded, with the Philadelphia Semiconductor Index up 2.6% from a six-month closing low.
WTI crude for December delivery fell $0.52, or 0.54%, to $95.94 a barrel as expectations of a settlement between the United States and Iran grew.
why it matters
The main driver for markets now is the prospect of a US-Iran settlement, which reduces the risk premium in oil and supports tech sentiment. Moves in the Chinese index are modest and signals from Wall Street are mixed, so the outlook for Asian markets remains unclear.
market impact
WTI crude: hopes for a US-Iran deal reduce the risk premium and pressure prices
- WTI crude pressure down — expectations of a US-Iran settlement reduce the risk premium in oil
instruments
sources
- Rebound Predicted For China Stock Market — TradingView, 4 November 2026 at 01:16 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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