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Shanghai Composite Index

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953 stories mentioning Shanghai Composite IndexUpdated 1d ago

Trading amid mixed May Chinese data: industrial production grew while retail sales and fixed-asset investment contracted year over year.

Asia

China Shares Slide at Market Open on Tech Selloff

Chinese shares opened lower on Friday as tech stocks took a hit after U.S. artificial intelligence company Anthropic accused Chinese e-commerce giant Alibaba Group (HKG:9988) of extracting the capabilities of its Claude AI model.The Shanghai Composite Index, the main gauge of Chinese stocks, opened 0.5% lower at 4,098.69. The Shenzhen Component Index declined 0.8% to 16,211.41.Anthropic alleged that between April 22 and June 5, Alibaba conducted a distillation effort, in which a less capable model is trained via the outputs of a stronger one, using nearly 25,000 fraudulent accounts to generate nearly 29 million exchanges with Claude.The move furthered China's ability to reach the advanced capabilities of Claude's AI model, Mythos ⁠Preview, Anthropic claimed.However, Nomura analyst Jialong Shi told The Wall Street Journal: "Given this is not the first distillation allegation targeting Chinese firms, I expect the reputational damage ... to be small."

Shanghai Composite^SZSEHKG:9988
International

Tech Revives, Oil Dives on Asian Stock Markets

Asian stock markets largely joined the global tech rally Thursday, which was re-ignited late Wednesday after US memory-device maker Micron Technology (MU) reported strong quarterly results and issued upbeat guidance.Shanghai and Tokyo finished in the green, as did most other regional exchanges. Seoul's KOSPI index rose 5.4% in the day, driven higher by share prices of semiconductor giants Samsung Electronics and SK Hynix.Brent crude futures traded down 1.3% to $72.88 a barrel, the lowest since late February.In Japan, the Nikkei 225 opened higher and rose to the close, finishing up 4.6% as traders renewed their appetite for AI- and semiconductor issues.The benchmark Nikkei 225 rose 3,191.37 to 72,366.34, a fresh all-time apex on the index, as gaining issues outnumbered losers 148 to 76.Leading the upside was semiconductor-testing equipment maker Advantest, up 15.1%, while electronics-house Sharp declined 9.7%.In economic news, Japan's leading economic index logged at 116.1 in April, up from 115.4 in March, and striking the highest level since July 2021.In Hong Kong, the Hang Seng Index opened lower and could not recover, closing down 1.4% as traders warily eyed e-commerce platforms such as Alibaba (BABA), Tencent and Meituan, in light of soft mainland China consumer spending.The broad gauge Hang Seng fell 335.27 to 23,076.91, as losing issues outnumbered gainers 60 to 33. The Hang Seng TECH Index lost 1.6% on the day, while the Mainland Properties Index fell 1.4%.Leading the upside was toolmaker Techtronic, gaining 5.9%, while smartphone-components maker Sunny Optical Technology declined 11.7%.On the mainland, the Shanghai Composite rose 0.2% to 4,120.28.On the other regional exchanges, the Taiwan TWSE inclined 0.5%; the Australian ASX 200 declined 0.7%; the Singapore Straits Times Index rose 0.1%, and the Thai Set inclined 0.7%. In late trading in Mumbai, the Sensex was up 0.1%.The MSCI All Country Asia Pacific Index rose 1.4% on the day.

Hang SengNikkei 225Shanghai Composite$BABA$MU
Asia

Market Chatter: India Set to Approve $370 Million Investment From Horse Powertrain

India is expected to greenlight an investment of approximately $370 million from Horse Powertrain, Bloomberg News reported Thursday, citing insiders.The potential agreement would enable the Geely Automobile-backed (HKG:0175) hybrid-engine venture to invest in the Indian manufacturing operations of its other major shareholder, French automobile maker Renault. The investment includes the construction of domestic advanced hybrid powertrains and engines, the sources told the media outlet.Renault is expected to kick off a Horse-powered Duster sport utility vehicle in the country later in the year, the report said.Horse, Geely and India's commerce department did not immediately respond to' request for comment.(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.)

^BSEHang SengNifty 50Shanghai Composite^SZSEHKG:0175
Asia

China's Limited Market Data Delays Upgrades to Brokers' Risk Models, S&P Says

China's limited market history could slow down improvements in brokerage firms' risk models amid rising risks, S&P Global Ratings said Thursday.Shorter historical data compared to other developed markets could limit the assessment of a greater range of extreme downturns, S&P said.The rating agency still expects risk modeling to grow more sophisticated as major brokers take the lead in these efforts.However, a thorough assessment should be applied to test the models' effectiveness, S&P said.The rating agency also suggests market-neutral frameworks to absorb directional exposure.

Shanghai Composite^SZSE
Asia

Tech Rally Continues to Drive Chinese Shares; AMEC Shares Jump 4%

Chinese shares again rose on Thursday, driven by a rally in technology stocks stemming from U.S. memory chipmaker Micron Technology's upbeat outlook.The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.2% to 4,120.28. The Shenzhen Component Index jumped 1.8% to 16,344.08.The SSE STAR 50 Index, the benchmark for the 50 largest science and technology companies on the Shanghai bourse, closed 4% higher on the back of optimism over the sustained demand for artificial intelligence-related chips.Micron, which supplies Nvidia's AI chipsets, on Wednesday issued quarterly guidance well above Wall Street estimates and disclosed US$22 billion in customer commitments to lock in memory chip inventories, Reuters reported. The news sent its stock soaring 12% after hours.The bullish forecast reinforced the view that AI-driven memory chip demand remains resilient, despite lingering jitters over heavy AI infrastructure outlays, according to the report.Meanwhile, China's Ministry of Commerce rolled out new regulations for investigating industrial and supply chain security, in a bid to protect global supply chain stability. The 22-article framework lays out scope, procedures, and remedies for security probes, giving businesses a transparent rulebook to follow.In company news, Advanced Micro-Fabrication Equipment China (SHA:688012), or AMEC, raised net proceeds of approximately 1.49 billion yuan from a share placement, which is part of the company's plan to acquire 64.69% of AMEC Zhonggui (Hangzhou) Electronic Technology. Shares of the chip gear maker closed 4% higher Thursday.

Shanghai Composite^SZSESHA:688012
Asia

Chinese Retailers Turn to Private-Label Goods for Growth, S&P Says

China's top 100 chain stores will see private-label products account for as much as 20% of their high-turnover consumer goods inventory within the next eight years, S&P Global Ratings said Thursday.The shift has accelerated due to value-conscious shoppers, with private-label goods averaging 16% cheaper than branded names last year, S&P said, citing consumer research firm NielsenIQ.Still, store brands yielded gross margins between 8% and 15% higher than national brands, according to the data.Retailers boost margins by lessening middlemen and removing brand premiums, while also focusing on product quality despite the lower price tags, the rating agency said.Private labels, which used to be cheap substitutes, are now tools for retailers to build profitability and drive market share growth, according to S&P.However, the trend will benefit retail giants with established supply chains more, while smaller operators face a competitive disadvantage, S&P said.

Shanghai Composite^SZSE
Asia

Market Chatter: Qualcomm Eyes Developing US-Compliant Data Center Lineup in China

Nasdaq-listed Qualcomm considers marketing its data center products in China, developing chips that would be compliant with U.S. export controls, Nikkei Asia reported Thursday, citing the company's chief executive officer.The statement came as the U.S. chipmaker vies to rival Nvidia with the launch of its Dragonfly data center chip lineup at the company's investor day in New York. Dragonfly's product lines comprise artificial intelligence accelerators, data center CPUs, custom silicon and connectivity chips, the report said.CEO Cristiano Amon told Nikkei that Qualcomm is working to bring the Dragonfly lineup to China, with AI accelerators designed for the Chinese market that are compliant with U.S. export laws, according to the media outlet.Amon said the data center processor's design, dubbed high bandwidth compute or HBC, will enable data center chips deliver six times the bandwidth per watt compared to high bandwidth memory or HBM chips, which are currently manufactured by South Korea's Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660), Nikkei said.(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^SZSEKRX:000660KRX:005930
Asia

China Central Bank to Launch Overnight Reverse Repo Operations

The People's Bank of China will conduct overnight reverse repurchase operations on June 29 and 30, according to a note by the central bank released Thursday.China's central bank will offer the overnight reverse repos at a fixed rate.The new overnight reverse repo rate will be added to the central bank's 1.4% seven-day reverse repo rate, Bloomberg reported separately.

Shanghai Composite^SZSE
Asia

China Issues Supply Chain Security Rules

China's Ministry of Commerce has rolled out new regulations for investigating industrial and supply chain security, in a bid to protect global supply chain stability, state media Xinhua News reported Wednesday.The 22-article framework lays out scope, procedures and remedies for security probes, giving businesses a transparent rulebook to follow.The ministry said it will enforce the rules lawfully to safeguard Chinese firms' legitimate interests while helping maintain smooth operations across domestic and global supply chains.

Shanghai Composite^SZSE
Asia

China Sees Mixed Open Amid Tech Rally, US Import Probe Fears

Chinese shares opened mixed on Thursday as the market struggled for direction amid a tech rally and concerns over U.S. actions on Chinese imports.The Shanghai Composite Index, the main gauge of Chinese stocks, slipped 0.2% to 4,103.48. The Shenzhen Component Index rose 0.3% to 16,099.76.Tech stocks continued to drive equities as countries with significant tech manufacturing are expected to benefit from an AI-linked tech export boom, S&P Global Ratings said. The benefits from the AI tech rally will counter the adverse effects from the energy shock in these economies.Meanwhile, citing national security fears over Chinese dominance, U.S. Commerce Secretary Howard Lutnick said his department is probing state-subsidized robotics imports to the U.S., with strong action likely post-review, Politico reported.

Shanghai Composite^SZSE
Asia

Market Chatter: ByteDance Said in Preliminary Talks for $20 Billion Loan

TikTok owner ByteDance is in early talks for its biggest-ever offshore loan, Bloomberg News reported Wednesday, citing unnamed sources.The Chinese social media conglomerate's three-year new-money loan is expected to be worth roughly $20 billion and would come with the option to extend to five years, the report said. Potential use of proceeds is still unclear.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^SZSE
International

Tech Drama Roils Asian Stock Markets; Oil Prices Ease

Asian stock markets churned on Wednesday, as traders took cues from pointed overnight declines in tech while noting still-easing oil prices.Hong Kong and Shanghai gained, and Tokyo lagged. Most other regional exchanges finished higher, including a 3.2% rise on Seoul's KOSPI index, recovering partially from Tuesday's 10% slide.Brent oil futures declined 1.4% to $75.72 a barrel during market hours.In Japan, the Nikkei 225 opened evenly, wobbled, and finished off 0.9% as traders again eyed semiconductor-sector issues warily.The benchmark Nikkei 225 fell 613.41 to 69,174.97, as losing issues outnumbered gainers 130 to 91.Leading the upside was electronics house Sharp, up 15.1% after majority owner Hon Hai Precision Industry of Taiwan, aka Foxconn, indicated cost cuts were pending. Insurer T&D declined 5.7%.In Hong Kong, the Hang Seng Index opened higher and held ground, closing up 0.3%.The broad gauge Hang Seng rose 75.90 to 23,412.18, although losing issues outnumbered gainers 46 to 45. The Hang Seng TECH Index gained 1.8% on the day, while the Mainland Properties Index was flat.Leading the upside was Semiconductor Manufacturing International, gaining 8.9%, while Xinyi Solar declined 3.8%.On the mainland, the Shanghai Composite rose 0.1% to 4,110.81.On the other regional exchanges, the Taiwan TWSE declined 2.2%; the Australian ASX 200 advanced 0.2%; the Singapore Straits Times Index rose 0.2%, and the Thai Set gained 0.5%. In late trading in Mumbai, the Sensex was up 1%.The MSCI All Country Asia Pacific Index fell 0.2% on the day.In other news, the Bank of Thailand left its key policy interest rate unchanged at 1%.

Hang SengNikkei 225Shanghai Composite
Asia

Market Chatter: Lutnick Warns of Robotic Arms Race, Vows Action on Chinese Imports

Citing national security fears over Chinese dominance, U.S. Commerce Secretary Howard Lutnick said his department is probing state-subsidized robotics imports, with strong action likely post-review., Politico reported Tuesday.Sources said Lutnick warned executives that "robotic arms are coming" and the U.S. wants to avoid an attack from state subsidized robotics, according to the report. He also stressed the need for American-made production.The Commerce Department did not immediately respond to' request for comment.(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^SZSE
Asia

AI-Driven Boom to Benefit Tech-Heavy Asia-Pacific Economies, S&P Says

Asia-Pacific economies with significant tech manufacturing will benefit from an AI-linked tech export boom, S&P Global Ratings said Wednesday.The benefits from the AI tech rally will counter the adverse effects from the energy shock in these economies, S&P Asia-Pacific chief economist Louis Kuijs said.S&P sees possible upward GDP estimate revisions for markets with solid tech shipments, mainly South Korea and Taiwan, as well as Malaysia, Singapore, and Thailand.Meanwhile, the impact of the energy shock has dampened growth forecasts for India, Japan, New Zealand, and the Philippines, S&P said.The rating agency's forecast for China remains stable as strong export dynamics offset weaker domestic demand.S&P maintained its baseline GDP growth forecasts in the region excluding China at 4.5% for 2026 and 4.4% for 2027.

^BSEFTSE Bursa Malaysia KLCI^KOSDAQKOSPINikkei 225Nifty 50^NZ50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted
Asia

Low-Rate Regime Raises Chinese Insurers' Market Risk Exposure, S&P Says

Chinese insurers will become more sensitive to market volatility as they face reduced returns due to low interest rates, S&P Global Ratings said Wednesday.Insurers turn to high-risk assets amid a low-rate regime, S&P said.Pressure is greater for life insurers, as dampened reinvestment yields lead to narrower spreads and rising asset-liability management constraints, the rating agency said.Property and casualty insurers are also exposed given their earnings' dependence on investment income to pump up underwriting results, according to S&P.The rating agency still views small monetary policy shifts in the next six months.

Shanghai Composite^SZSE
Asia

Chinese Shares Rise on Tech Rally; Genori Technology Surges in Debut

Chinese shares erased earlier losses to end in green on Wednesday, driven by a rally in technology stocks and positive policy signals.The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.1% to 4,110.81. The Shenzhen Component Index jumped 1.2% to 16,051.32.The SSE STAR 50 Index (SSE:000688), the benchmark for the 50 largest science and technology companies on the Shanghai bourse, closed 4% higher.Positive global cues included news that South Korea is in discussions with Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) over the next phase of large-scale semiconductor investments.South Korean presidential policy adviser Kim Yong-beom said AI-driven demand growth may require the two chipmakers to boost planned chip facility construction by more than 10 years to 2034-2035, while the government looks for space to build a second semiconductor cluster.Also boosting sentiment was China's action plan to boost and stabilize foreign investments.The plan, signed by the commerce and finance ministries, as well as the National Development and Reform Commission, highlights market access expansion, facilitating and supporting foreign investment, and beefing up investment promotion, among others.In company news, shares of Chongqing Genori Technology (SHA:688797) surged 1,213% versus their initial public offering price of 44.56 yuan on their first day of trading on the Shanghai bourse.

Shanghai Composite^SZSESHA:000688SHA:688797
Asia

Chinese Shares Open Lower on Tech Selloff, Rate Hike Worries

Chinese shares opened lower on Wednesday, driven by a selloff in technology stocks and market expectations that the U.S. Federal Reserve will raise rates.The Shanghai Composite Index, the main gauge of Chinese stocks, slipped 0.4% to 4,090.10. The Shenzhen Component Index slid 0.5% to 15,782.40.Artificial intelligence and chip stocks drove the global tech sector deeper into losses, a slide that originated with heavy losses among South Korea's two largest firms, NBC News reported.Major market-moving technology stocks Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) plunged over 12% at market close on Tuesday.Investor sentiment took an additional hit from SpaceX, which has trended downward for several sessions following its much-hyped June 12 listing, NBC wrote.Also hurting sentiment was rising bets on a Fed interest rate hike. Bank of America now expects rate increases of 75 basis points across September, October and December, marking a reversal from its recent forecast of no change this year.

Shanghai Composite^SZSEKRX:000660KRX:005930
International

Tech Rout Scours Asian Stock Markets

Asian stock markets retreated Tuesday, following overnight signals on Wall Street that the tech- and AI-sectors may have become over-extended after recent rallies.Hong Kong, Shanghai and Tokyo finished in the red, while Seoul's KOSPI index tumbled 10%, as heavyweight semiconductor issues such as Samsung Electronics and SK Hynix both declined more than 12%.Brent crude oil futures edged lower during Asian market hours, off 0.2% to $77.71.In Japan, the Nikkei 225 opened evenly but declined throughout the day, finishing off 3.6% as traders booked profits in a market that on Monday struck an all-time zenith, and which then was up more than 80% on year.Investors also mulled possible tightening by the Bank of Japan and other monetary authorities, as the Japanese yen traded to more than 161 to the US dollar, the lowest exchange rate in 40 years.The benchmark Nikkei 225 fell 2,565.58 to 69,788.38, as losing issues outnumbered gainers 183 to 41.Leading the upside was electronic-components maker Fujikura, up 5.3%, while Furukawa Electric declined 15.5%.In economic news, Japan's flash composite purchasing managers index (PMI), a combination of the nation's manufacturing and services sectors, rose to 52.5 in June from 51.1 in May, marking the 15th straight month of expansion in private-sector activity, reported S&P Global.In Hong Kong, the Hang Seng Index opened evenly but sagged in the afternoon, closing down 1.8% as traders again backed away from tech and property shares.The broad gauge Hang Seng fell 432.24 to 23,336.28, as losing issues outnumbered gainers 73 to 19. The Hang Seng TECH Index lost 3.3% on the day, while the Mainland Properties Index fell 1.8%.Leading the upside was Geely Automobile, gaining 2.1%, while metals-house CMOC declined 10.9%.On the mainland, the Shanghai Composite fell 1.4% to 4,106.25.On the other regional exchanges, the Taiwan TWSE declined 1.3%; the Australian ASX 200 declined 0.3%; the Singapore Straits Times Index was steady, and the Thai Set declined 2.1%. In late trading in Mumbai, the Sensex was down 1.3%.The MSCI All Country Asia Pacific Index fell 3.5% on the day.

Hang SengNikkei 225Shanghai Composite
Asia

Survey Finds China Closing In Biotech Research With US, But Still Lacks Quality, Commercial Reach

China is conducting more clinical drug trials than the U.S., but still falls short when it comes to quality and the commercial reach of its biomedical science, according to a survey of U.S. industry and academic leaders.The poll, which was lead by the Cure Innovation Index, found that China was leading when it comes to clinical development and supply chain infrastructure.Meanwhile, the U.S. was found to have advantages in capital formation and commercialization, technology transfer and talent.Out of 117 respondents, 72% said China's biomedical sector is improving faster than the U.S., while 85% said the U.S. lead will last 10 years or less.Moreover, 74% said declining U.S. federal research funding has been the biggest threat to biomedical leadership rather than any single competitive move from China, while 76% forecasted more research and development will move outside the U.S. if the current trends continue.

Shanghai Composite^SZSE
Asia

China Autonomous Driving Company Momenta Passes Listing Hearing in Hong Kong

Chinese self-driving technology company Momenta released its post-hearing information pack Tuesday after passing its listing hearing in Hong Kong.The move brings Momenta closer to its IPO in the city.Momenta plans to use proceeds from its planned IPO to boost research and development, increase artificial intelligence computing and data storage capacity, as well as commercialization of its robotaxi services, joint marketing initiatives, and working capital, according to a near-final prospectus released the same day.Momenta secured approval for its IPO from Chinese authorities, according to a notice by the regulator on Thursday.

Hang SengShanghai Composite^SZSE

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