China’s major stock indexes extended their previous-session losses on Wednesday as risk-off trading spread across Asian markets. The Shanghai Composite fell 1.0% to 3,942, while the Shenzhen Component declined 1.5% to 13,669. A renewed oil-price surge, fueled by escalating Middle East tensions and fears of supply disruptions, added to inflation concerns and strengthened expectations that major central banks could keep monetary policy tighter for longer. Separately, Putin and Xi discussed a potential trilateral meeting with Trump during China’s APEC (Asia-Pacific Economic Cooperation) summit in November. Xi is also scheduled to visit Washington later this month for talks with the US president. Foxconn Industrial Internet, Zijin Mining Group, CATL and Zhongji Innolight were among the notable decliners.