TRUMP: NATO COMPLAINS ABOUT OIL PRICES, WON'T HELP W7 HORMUZ

SHANGHAI COMPOSITE INDEX DOWN OVER 1%

Capital Economics analyst Thomas Mathews said China’s equity and bond markets could remain resilient even if the Middle East conflict continues. The economy is positioned to limit the impact of higher global energy prices on domestic producers, helping companies gain market share despite slowing global growth. With little pressure to raise rates to curb inflation expectations, Chinese bonds are likely to remain attractive.