Mumbai, April 23 -- China's stock markets closed lower on Thursday, with the Shanghai Composite falling 0.32% to 4,093 and the Shenzhen Composite dropping 0.88% to 15,043. The pullback came after both indices had recently hit a one-month high and a more-than-four-year peak, respectively.

Investor sentiment was dampened by the absence of fresh market catalysts and ongoing geopolitical uncertainty. Tensions in the Middle East remained a key concern after Iranian forces reportedly fired on commercial vessels, while the United States continued enforcing restrictions on ships linked to Iranian ports.

Market focus has also shifted to the upcoming session of the National People's Congress Standing Committee scheduled for April 27-30, where law...