China’s Stocks Steady Amid Middle East Tensions and High Oil Prices

China’s stock market exhibited steadiness on Tuesday as the Shanghai Composite Index recorded a modest increase of 0.3%. Investors are keeping a close watch on Middle East conflicts and oil price trajectories. Market participants coming back after the Tomb-Sweeping Day are particularly concerned about heightened geopolitical tensions and their economic impact, especially as the U.N. Security Council deliberated over a vote regarding shipping security in the Strait of Hormuz. Despite the global unrest, China’s energy-related shares saw gains, driven by President Xi Jinping’s calls for enhanced energy system planning. Meanwhile, chipmaking stocks surged with anticipated policy support from Beijing amid…