(Il Sole 24 Ore Radiocor) - Milano, 12 mag - Chinese share prices closed lower, as sentiment was dampened by fading hopes for peace negotiations between the US and Iran.

Concerns that the ceasefire is failing and that disruptions in the Strait of Hormuz could persist pushed oil prices higher, weighing on the market.

Gains were capped as investors remained cautious ahead of the upcoming meeting between president Trump and president Xi Jinping.

Losses were led by tech and industrial stocks.

The Shanghai Composite index fell 0.25% to close at 4,214.49.

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(RADIOCOR) 12-05-26 09:54:29 (0247) 5 NNNN