FX.co ★ China Stocks Hit New 1-Month Low

The Shanghai Composite slipped 0.2% to around 3,984 on Wednesday, while the Shenzhen Component fell 1.6% to 14,988. Both benchmarks declined for a third straight session and touched fresh one-month lows, as renewed tensions in the Middle East pressured broader Asian markets and undermined risk sentiment.

The US stepped up pressure on Iran by launching new airstrikes and revoking a sanctions waiver that had allowed Tehran to export oil to global markets. The move is being viewed as the most serious challenge so far to the interim agreement signed by US and Iranian leaders on June 17, raising doubts over negotiations aimed at securing a permanent peace deal within 60 days of that accord.

On the corporate front, notable decliners included Industrial and Commercial Bank of China (-0.6%), China Construction Bank (-0.6%), Zijin Mining Group (-1.8%), CATL (-1.2%), NAURA Technology (-2.4%), and Luxshare Precision Industry (-2.6%).