Shanghai Composite Index

Shanghai Composite^SZSESHA:688141

China Shares Rise on Broad-Based Recovery; JoulWatt Technology Jumps 7%

Chinese shares advanced on Tuesday amid a modest acceleration in overall business activity.The Shanghai Composite Index, the main gauge of Chinese stocks, went up 0.5% to 4,0940.40. The Shenzhen Component Index jumped 2.5% to 16,205.56.Overall business production and operational activities in China expanded in June, with the official Composite PMI Output Index rising to 50.6 from 50.5 in May, driven by synchronized momentum between the manufacturing and non-manufacturing sectors.Factory activity recovered, with the official manufacturing Purchasing Managers' Index coming in at 50.3 from a neutral print recorded the previous month. The non-manufacturing business activity index came in at 50.2, the joint-highest since December 2025, compared with 50.1 in the previous month.In company news, JoulWatt Technology (SHA:688141) investee fund Huai'an Houwang will inject 40 million yuan for a 7.69% stake in the company's automotive-grade chip packaging and testing subsidiary. The semiconductor company also proposed to pledge its 61.32% stake in its subsidiary, Zhejiang Yucan Technology, for a 120 million yuan loan it will apply for. Shares of JoulWatt Technology closed 7% higher Tuesday.

Market Chatter: ByteDance Pushes Ahead with In-House AI Chip Development

Amid plans for mass production and wider rollout in the second half of the year, sources said TikTok parent ByteDance is racing to finalize the design of its next-generation custom processor by early 2027, The South China Morning Post reported MondayAn early test version of the chip has already been used internally since late 2025, according to the report.Depending on demand, the social media giant may accelerate the tape-out process, the critical final design stage before manufacturing begins, the SCMP wrote.Bytedance did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSEHKG:3750HKG:3931SHE:300207SHE:300750

China's Battery Industry Introduces Supplier Payment Rules

The China Automotive Battery Innovation Alliance and the Zhongguancun Energy Storage Industry Technology Alliance on Monday jointly issued an initiative to standardize payment practices for power and energy storage battery suppliers.The initiative calls for materials and components to be accepted within seven working days where conditions are met, with payment terms calculated from the delivery or acceptance date, according to a statement published Monday on Shanghai Metals Market.CATL, CALB, and Sunwoda-all alliance members-committed to paying their suppliers for materials and parts within 60 days, The Standard reported Monday.China's Ministry of Industry and Information Technology backed the move and said 11 battery makers have responded to the initiative, according to state media Xinhua News.The ministry said it will coordinate across departments to address implementation issues swiftly, while promoting fair partnerships throughout the battery supply chain to keep the industry on a healthy, sustainable track.

International39d ago

Market Chatter: China's LNG Imports Expected to Stay Flat in June

China's liquefied natural gas or LNG imports for June are expected to remain flat year on year, according to Bloomberg News, citing data from vessel-tracking researcher Kpler.Kpler estimated that China bought about 5.29 million tons of super-chilled fuel this month, which aligns with the year-ago volumes, the report said.China ramped up its purchases to meet demand amid lower domestic output and the reduction of storage levels, while declining global prices were also a factor in the increase in the country's purchases, according to the media outlet.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSEHKG:0123

Fitch Expects Deeper Decline in China Home Sales

Fitch Ratings lowered its 2026 China new-home sales forecast to a decline of between 11% and 13% from a decline of between 7% and 8% as weakness in lower-tier cities continues to overshadow pockets of recovery.The shift also reflects a growing share of housing demand being absorbed by existing-home transactions in major metros, according to a Monday research note.The downturn is moderating from 2025's steeper slide, with the rating agency expecting further stabilization in 2027 amid policy support and gradual sentiment improvement.Market performance remains uneven, with Shanghai leading resilience in tier-one cities, while Guangzhou struggles with larger land supply.Most rated state-owned builders, except Yuexiu Property (HKG:0123), reported sales growth in the first five months of the year. Margins are expected to stay pressured as developers work through older land banks.

ASX 200Hang SengNikkei 225Shanghai Composite^SZSE

Asia-Pacific Banks Stable Amid Negative Market Events, S&P Says

Asia-Pacific banks continue to be stable despite lingering adverse market events such as the Middle East conflict and inflationary pressures, S&P Global Ratings said on Tuesday.The region's banks have limited direct Middle East exposure, S&P financial institution ratings sector lead Gavin Gunning said.Spillover effects from the conflict pose the greatest risk for the banks, with the indirect impact being manageable but increasing for certain economies, Gunning said.S&P holds a stable outlook on 92% of rated Asia-Pacific banks, indicating stable trends over the next one to two years.Financial institutions have ample buffers for war-linked constraints, although credit losses could increase by $180 billion under S&P's downside scenario.Banks also face medium risk from the negative hit of technological advancements such as AI-linked cyber risks, S&P said.

International39d ago

Eu, China Set October Dedline to Iron Out Trade Differences

The European Union and China plan to work through their trade differences after leaders from both sides set an October deadline to reset ties.EU trade chief Maros Sefcovic said representatives from both sides will address issues including the matter of subsidized Chinese goods flooding the bloc as well as export controls that have squeezed Europe's access to essential supplies from China, Bloomberg reported Tuesday.Meanwhile, China's Ministry of Commerce said it had authorized officials to maintain communications with the EU on balance of trade, export control, intellectual property rights, and World Trade Organization reform.

Shanghai Composite^SZSEHKG:1788

US Markets39d ago

China's June Composite PMI Hits Highest Since Late 2025 on Factory, Services Growth

China's official Composite PMI Output Index, which measures overall business output and operational activities in the country, rose to 50.6 in June from 50.5 in May, according to data from the National Bureau of Statistics on Tuesday.A reading above 50 indicates expansion, while a figure below signals a contraction. The latest print marked the highest since the 50.7 reading in December 2025.The improvement was driven by synchronized momentum between the index's two core components.Chinese factory activity accelerated in June on a surge in computer, communication, and electronic equipment manufacturing. The official manufacturing Purchasing Managers' Index or PMI came in at 50.3 from a neutral reading in May.The reading was also better than the consensus forecast of 50.2 tracked by Investing.com.Manufacturing PMI for the computer, communication and electronic equipment segment stood at 54 in June, NBS Statistician Huo Lihui said in a press release.The PMI for high-technology manufacturing was at 53.5, higher than the overall manufacturing sector. The rise signals more confidence in the sector, Huo said."The development of high-end manufacturing continued to improve and its leading role was further strengthened," Huo said in his statement accompanying the release.Among the main sub-indices, the new orders index climbed to 51.2 from 49.9, the raw materials inventory index fell to 48.4 from 48.6, and the supplier delivery time index rose to 49.9 from 49.2 in May.The employment index edged up to 48.5 from 48.6, the NBS said.Meanwhile, business activity in China's non-manufacturing sector expanded in June, with the official non-manufacturing PMI coming in at 50.2, above the 50.1 reading in May and beating the consensus forecast of 49.9 tracked by Investing.com.The new orders index climbed to 48 from 45 while the input price index fell to 49.7 from 52.2.The non-manufacturing employment index edged up to 45.8 from 45.6, while the business activity expectation index came in at 55.3, up from 54.8 in May.By industry, the business activity index for the services sector rose to 50.4 from 50.3 in May.The subindex for the construction industry remained in contraction territory at 49 but improved from the 48.8 reading in May.While the indicators increased above forecasts, the June release should be seen as a "moderately positive surprise for markets," Bloomberg quoted Guotai Junan International Holdings (HKG:1788) Chief Economist Hao Zhou as saying.Despite the rises, recovery remains uneven as employment and manufacturing inventories are still within contractionary territory, Hao reportedly said.China's pivot to a domestic demand-driven economy also shows a "sputtering" of the growth engine, and policy support will be needed to ensure balanced growth in the run-up to the Politburo meeting in July, ING Think Chief Economist Lynn Song said in a separate note.

International39d ago

Asia-Pacific Capital Market Confidence Hits Record High in 2026: ASIFMA Survey

Confidence in Asia-Pacific (APAC) capital markets reached a record high, with 66% of financial firms planning regional expansion over the next three years, according to the 2026 edition released Tuesday by the Asia Securities Industry and Financial Markets Association (ASIFMA) in collaboration with KPMG.However, there was intense competition among APAC jurisdictions in terms of capital and investment.Companies are becoming more stringent in allocating their resources, with expansion plans shifting across markets as they prioritize more attractive individual APAC economies, the release said.Singapore remained the top-ranked Asia-Pacific market for ease of doing business, while Hong Kong remained at second place. India and mainland China improved their rankings, rebounding from last year's declines.The most attractive markets were those with open capital accounts, internationalized talent pools, predictable regulatory frameworks, and active two-way industry dialogue, it said.

^BSE^HNX^HOSE^JKSEFTSE Bursa Malaysia KLCI^KOSDAQKOSPINikkei 225Nifty 50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted

Chinese Shares Slip at Market Open on Conflicting US-Iran Talks News

Chinese shares opened lower on Monday amid conflicting news regarding the U.S.-Iran talks.The Shanghai Composite Index, the main gauge of Chinese stocks, declined 0.4% to 4,058.17. The Shenzhen Component Index inched down 1.20 points to 15,811.67.While Iran says it has no talks arranged with the U.S. for the next several days, the American side maintains a contrasting stance. U.S. President Donald Trump said there is a planned session in Qatar on Tuesday, and two officials said U.S. negotiator Steve Witkoff is on his way to Doha.In economic news, overall business production and operational activities in China expanded in June, with the official Composite PMI Output Index rising to 50.6 from 50.5 in May.Factory activity recovered, with the official manufacturing Purchasing Managers' Index coming in at 50.3 from a neutral print recorded the previous month. The non-manufacturing business activity index came in at 50.2, the joint-highest since December 2025, compared with 50.1 in the previous month.

China's Official Non-Manufacturing PMI Expands in June

Business activity in China's non-manufacturing sector expanded in June, with the official non-manufacturing Purchasing Managers' Index (PMI) coming in at 50.2, according to data from the National Bureau of Statistics released on Tuesday.A reading above 50 indicates expansion, while a figure below signals a contraction.The latest print beat the consensus forecast of 49.9 tracked by Investing.com, and compared with the 50.1 recorded in the previous month.By industry, the business activity index for the services sector rose to 50.4 from 50.3 in May. The subindex for the construction industry remained in contraction territory at 49, but improved from the 48.8 reading in May.Among the main sub-indices, the new orders index climbed to 48 from 45, the input price index fell to 49.7 from 52.2, the employment index edged up to 45.8 from 45.6, while the business activity expectation index came in at 55.3, up from 54.8 in May.

International40d ago

China's Official Manufacturing PMI Rebounds in June

Factory activity in China recovered in June, with the official manufacturing Purchasing Managers' Index (PMI) coming in at 50.3 from a neutral print recorded the previous month, according to data from the National Bureau of Statistics released on Tuesday.A reading above 50 indicates expansion, while a figure below signals a contraction.The latest print beat the consensus forecast of 50.2 tracked by Investing.com, and compared with the neutral reading of 50 recorded in the previous month.By enterprise size, the PMI for large-sized enterprises fell to 50.7, down from 51.1 May, while the indices for medium-sized enterprises rebounded to 50.5 from 48.6, and small-sized enterprises edged down to 48.2 from 48.5.Among the main sub-indices, the new orders index climbed to 51.2 from 49.9, the raw materials inventory index fell to 48.4 from 48.6, the employment index edged up to 48.5 from 48.6, while the supplier delivery time index came in at 49.9, up from 49.2 in May.

International40d ago

China's Official Composite PMI Output Index Jumps to Six-Month High in June

Overall business production and operational activities in China expanded in June, with the official Composite PMI Output Index rising to 50.6 from 50.5 in May, according to data from the National Bureau of Statistics on Tuesday.A reading above 50 indicates expansion, while a figure below signals a contraction. The latest print marked the highest since the 50.7 reading in December 2025.The index, which tracks the aggregate performance of both the manufacturing and non-manufacturing sectors, was driven by synchronized momentum between its two core components.The manufacturing production index stood at 50.3, compared with the neutral reading of 50 in May, while the non-manufacturing business activity index came in at 50.2, the joint-highest since December 2025, compared with 50.1 in the previous month.

International40d ago

People's Bank of China Injects 300 Billion Yuan in Maiden Overnight Reverse Repo

The People's Bank of China (PBOC) conducted overnight reverse repo operations in the open market, offering 300 billion yuan to financial institutions, according to an online statement, which did not specify the rate of interest.It marks the central bank's first-ever overnight reverse repurchase operation.The PBOC also injected an additional 157.5 billion yuan through seven-day reverse repos, with the rate unchanged at 1.4%, according to the statement.The market was expecting the central bank to set the overnight reverse repo rate around 1.35%, according to a Bloomberg survey on Friday.

Nikkei 225Shanghai Composite^SZSETYO:6301TYO:6501TYO:6503TYO:7003TYO:7011

US Markets40d ago

China Hits More Japanese Companies with Export Control Sanctions

China imposed export control measures against 20 Japanese entities and added 20 more companies to its surveillance list, according to separate releases from the Commerce Ministry on Monday.The control list bans Chinese exports of dual-use or civilian/military items to the 20 companies, including Japanese state-run National Institute for Defense Studies, Ground Systems Research Center, Naval Systems Research Center, and Air Systems Research Center in its control list. Affiliates of Mitsubishi Electric (TYO:6503) and Mitsubishi Heavy Industries (TYO:7011) were also added.Meanwhile, China's surveillance list, which will allow for stricter scrutiny of exports to the Japanese entities, included Mitsui E&S (TYO:7003), Hitachi (TYO:6501) subsidiary Hitachi Advanced Systems, Komatsu (TYO:6301) subsidiaries, OKI Electric Industry (TYO:6703) and Hosoya Pyro-Engineering.Both took effect on Monday."China's move is entirely legitimate, reasonable, and legal, and aims to resolutely curb Japan's reckless actions of 'new-type militarism.' We hope Japan will realize its mistake, change its erroneous behavior, and truly reflect on and return to the right track. China's legally mandated list targets only a small number of Japanese entities, and the measures only apply to dual-use items. They will not affect normal Sino-Japanese economic and trade exchanges," a spokesperson for the Ministry of Commerce said.At a press conference, Japanese Chief Cabinet Secretary Minoru Kihara said Monday the country will not accept the measures and has lodged its objection and request for their removal.The diplomatic row between China and Japan can be traced back to November 2025 when Japanese Prime Minister Sanae Takaichi suggested military deployment if China attempts to seize Taiwan. The latest escalation follows Beijing's export control announcements in February 2026, which targeted 40 firms.

Shanghai Composite^SZSEHKG:2315

Shanghai Court Dismisses HBM Subsidiary's Patent Infringement Claim Against Biocytogen

Biocytogen Pharmaceuticals (Beijing) (HKG:2315) scored a legal win in China after a court dismissed a claim made by HBM (HKG:2142) subsidiary Harbour Antibodies.Specifically, the Shanghai Intellectual Property Court made a first-instance judgment to dismiss Harbour Antibodies' allegation that Biocytogen's RenNano platform and related antibody products infringed on its exclusively licensed invention patent ZL201210057668.0, according to a Monday filing.

Asia Markets40d ago

Asian Stock Markets Gain as Tech Sector Stabilizes

Asian stock markets largely advanced on Monday, as last week's tech rout appeared to recede and global crude prices remained roughly steady, despite fresh turmoil in the Middle East.Hong Kong, Shanghai, and Tokyo finished in the green, as did most other regional exchanges.In Japan, the Nikkei 225 opened evenly, wobbled, but finished up 0.2%.The benchmark Nikkei 225 rose 107.23 to 69,468.11, as gaining issues outnumbered losers 157 to 9.Leading the upside was advanced materials maker Taiyo Yuden, up 10.9%, while tech financier SoftBank fell 5.3%.In economic news, Japan's retail sales rose 5.3% on the year in May, and advanced 1.9% from April, reported the Ministry of Economy, Trade and Industry.In Hong Kong, the Hang Seng Index opened higher and rose to the close, finishing up 1.6% as tech-sector sentiments were boosted on IPO news.The broad gauge Hang Seng rose 354.82 to 23,026.68 as gaining issues outnumbered losers 73 to 12. The Hang Seng TECH Index gained 3.2% on the day, while the Mainland Properties Index rose 1.5%.Leading the upside was CSPV Pharmaceutical, gaining 6.9%, while Lenovo declined 9.2%.On the mainland, the Shanghai Composite rose 1.2% to 4,073.90.In corporate news, Baidu's (BIDU) AI chip unit, Kunlunxin, plans a $50 billion IPO in Hong Kong, reported Radio Television Hong Kong.Also, China's autonomous driving startup Momenta is preparing a $751 million IPO, also to be listed in Hong Kong, reported the South China Morning Post.On the other regional exchanges, the South Korean KOSPI fell 0.2%; the Taiwan TWSE rose 1%; the Australian ASX 200 advanced 0.7%; the Singapore Straits Times Index rose 0.3%, and the Thai Set gained 2.3%. In late trading in Mumbai, the Sensex was down 0.5%The MSCI All Country Asia Pacific Index rose 0.2% on the day.

Hang SengNikkei 225Shanghai Composite

State Support for China's Securities Firms Turns More Selective, Says Fitch

Fitch Ratings said shareholder support for Chinese securities firms is becoming increasingly selective amid state-led consolidation and economic restructuring.Support will depend more on strategic relevance rather than mere ownership, with firms that integrate group resources and advance national policy goals ranking higher, according to a weekend research note.Recent mergers, including Guotai Junan's combination with Haitong and CICC's upcoming integration of Cinda and Dongxing, highlight the accelerating tiering trend, the rating agency said. Local governments are similarly consolidating regional platforms.As China transitions from debt-driven growth, capital markets will play a larger role in financing and risk resolution."This should raise firms' policy relevance, given their ability to deploy equity-linked financing tools, support state capital efficiency, facilitate problem-asset restructuring and channel funding to strategic sectors," Fitch said.