China A-Shares Rally: Shanghai Up 1.46%, ChiNext Up 1.96% on Middle East De-escalation

China's three major stock indices surged on April 1. Shanghai Composite +1.46%, Shenzhen Component +1.7%, ChiNext +1.96%. Biotech, shipping, and pharmaceuticals led. Oil and gas stocks fell as ceasefire signals pushed crude down 3%.

Sector rotation: ceasefire = lower oil = cheaper shipping + reduced geopolitical uncertainty favoring growth stocks. China Merchants Shipping hit limit up, Huitian Thermal hit limit down.