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Shanghai Composite Index

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590 stories mentioning Shanghai Composite IndexUpdated 6h ago

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

Asia

Market Chatter: China Instructs Banks to Suspend New Loans to US-Sanctioned Oil Refiners, Sources Say

China's financial regulator called on the country's biggest banks to suspend new loans and review their loan exposure to five oil refiners facing U.S. sanctions over ties to Iranian oil, Bloomberg News reported Thursday, citing people familiar with the matter.The National Financial Regulatory Administration advised banks not to extend new renminbi-denominated loans to refiners pending further guidance, the report said.Among those facing U.S. sanctions are Hengli Petrochemical's (SHA:600346) Dalian refinery, Shandong Shouguang Luqing Petrochemical, Shandong Jincheng Petrochemical, Hebei Xinhai Chemical, and Shandong Shengxing Chemical.The directive, which came before the long May Day weekend, comes in contrast with a May 2 notice from the Commerce Ministry that called on companies to ignore U.S. sanctions.(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^SZSESHA:600346
Asia

Market Chatter: DeepSeek Valuation Could Reach Up to $50 Billion in Maiden Funding Round

Chinese artificial intelligence platform DeepSeek could be valued at up to $50 billion in its first fundraising drive, which could be led by the country's national artificial intelligence fund, Reuters reported Thursday, citing sources.The China Integrated ​Circuit Industry Investment Fund is in discussions with the large language model builder to be the funding round's lead investor, according to the report.Tencent Holdings (HKG:0700) is also in discussions to invest in the AI startup, the sources told the media outlet.DeepSeek seeks to raise between $3 billion and $4 billion in the fundraising, the report said.The China Integrated ​Circuit Industry Investment Fund and Tencent declined to comment, according to Reuters. DeepSeek has yet to reply 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^SZSEHKG:0700
Asia

Market Chatter: Chinese Metal Exports Get Boost from Middle East War

Chinese metal exports, including aluminum and copper, are expanding amid the war in the Middle East, Bloomberg News reported Wednesday, citing the China Nonferrous Metals Industry Association.Aluminum exports are on track to reach a record high this year, while copper is also seen to benefit from demand for clean tech products, the report said.However, Chinese aluminum is not always available for global buyers, as the government imposes "unbelievably" high tariffs on the metal, keeping large volumes within the country, the report said.Despite the tariffs, aluminum manufacturers have received more overseas orders since late March, Bloomberg 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^SZSE
Asia

Market Chatter: China Aims for Over 70% of Silicon Wafers to Be Locally Produced by 2026

China is looking to have more than 70% of silicon wafers used by domestic chipmakers to be locally made by 2026, Nikkei Asia reported Tuesday, citing sources.The target has been an unspoken rule among chipmakers, compelling them to use locally made 12-inch wafers, according to the report, citing sources.Some Chinese chip manufacturers are aiming to produce more advanced chips, which still requires the help of foreign makers, who will occupy the remaining 30% of the market, the report said, citing a chip industry executive.Local chipmakers are already capable of meeting the demand for legacy chips, the report 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^SZSE
Asia

Chinese President Seeks Probe into Fatal Fireworks Factory Blast

Chinese President Xi Jinping called for an investigation into an explosion at a fireworks factory in Hunan that killed at least 26 people and injured 61 others.The blast took place at the Huasheng Fireworks Manufacturing and Display in Liuyang city, according to the Hunan provincial government.

Shanghai Composite^SZSE
International

Falling Oil Prices, Middle East Views Lift Asian Stock Markets

Asian stock markets tracked higher Wednesday as global crude prices eased, and on media reports that the Trump Administration and Tehran are in peace discussions. Overnight fresh all-time zeniths on Wall Street helped set tone.Hong Kong and Shanghai finished in the green, while Tokyo remained closed on holiday.Seoul's KOSPI index rose 6.5% to shatter the 7,000-milestone, on strength in tech and semiconductor issues, including a 14.4% rise in Samsung Electronics shares.In Hong Kong, the Hang Seng Index opened evenly and rose to the close, finishing up 1.2% as traders viewed Persian Gulf prospects, and noted a 7% decline in Brent crude prices during market hours. A property-sector rally lifted broader indices as well.The broad gauge Hang Seng rose 315.17 to 26,213.78, as gaining issues outnumbered losers 67 to 22. The Hang Seng TECH Index gained 0.8% on the day, while the Mainland Properties Index rose 4.6%.Leading the upside was Xinyi Glass, gaining 9.8%, while Li Auto declined 2.6%.On the mainland, the Shanghai Composite rose 1.2% to 4,160.17.On the other regional exchanges, the Taiwan TWSE inclined 0.9%; the Australian ASX 200 inclined 1.3%; the Singapore Straits Times Index rose 0.1%, and the Thai Set inclined 1.8%. In late trading in Mumbai, the Sensex was up 1.2%.The MSCI All Country Asia Pacific Index rose 2.6% on the day, also striking a record high.

Hang SengNikkei 225Shanghai Composite
US Markets

Private Reading of China Services PMI Expands in Contrast with Government Figures

China's service sector expanded faster in April as the country's service companies saw heightened activity and new business, according to a private reading released Wednesday.The RatingDog China General Services Business Activity Index accelerated to 52.6 in April from 52.1 in March, surpassing forecasts of 52, according to Seeking Alpha.The faster expansion came as new business grew, with new orders increasing for the 40th straight month, according to RatingDog.The private reading contrasts with the official non-manufacturing Purchasing Manager's Index, which contracted to 49.4 in April.New work came amid improved market conditions, business innovation, new projects, and the launch of new products and other promotional activities, RatingDog said.Outstanding workloads also grew during the month, while average input prices also increased in line with rising fuel prices.Despite the rise in oil prices, overall pressure stayed "modest," the report said, citing founder Yao Yu."In this environment, service providers continued to reduce their charges slightly to boost competitiveness, with the selling prices index, remaining in contraction territory for the second month running. Service demand was strongest in the domestic markets, with new export business falling for the second straight month," Yao said in a statement.The rate of inflation surged to the highest in 2026 but stayed "below the long-run survey trend," according to RatingDog.The Composite Output Index also grew to 53.1 in April from 51.5 in March, the second-fastest since May 2024, according to RatingDog.

Shanghai Composite^SZSE
Asia

Market Chatter: China Calls on US to Scrap Alleged Excess Capacity Probe

China called on the U.S. to cease its investigations into China's alleged excess capacity ahead of the meeting between Presidents Donald Trump and Xi Jinping, the South China Morning Post reported Wednesday.The U.S. Trade Representative launched the probe in March, which looked into the structural excess capacity of 16 trading partners, including China. The probe aligns with Section 301 of the Trade Act of 1974, according to the media outlet.Michelle Zang, who spoke in behalf of state-backed China Chamber of International Commerce, told the hearing that the probe does not have enough "statutory basis and supporting evidence" and urged the U.S. to "terminate the investigation", SCMP said.A number of Southeast Asian countries, Japan, India, South Korea, the European Union and Mexico were also covered in the probe, the report 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^SZSE
US Markets

Asian Industry Sustains Expansion in April: PMI Report

Despite headwinds from Persian Gulf turmoils, Asia's business sectors largely expanded in April, led by the automobile industry, reported S&P Global on Wednesday."Output growth was recorded across 16 of the 18 monitored Asian sectors in April. This figure was up from 15 in March, as metals & mining production returned to growth," said S&P Global, citing its surveys of regional economies.Showing strength in April was the automotive industry. "Leading the rankings for the first time in nearly two years was the automobiles & auto parts sector. The pace of output expansion in the sector quickened to the steepest since May 2024 and was rapid overall," explained S&P Global.Among the broader categories, consumer products did generally well in April."Consumer goods outperformed the other six tracked areas, with growth also supported by strong and accelerated expansions in output across the beverages & food and household & personal use products segments," added S&P Global.The tech and industrial sectors followed consumer goods on the upside, while the slowest expanding sectors were basic materials, financials and healthcare.In contrast to the general regional expansion, the forestry & paper products and construction materials sectors experienced softening in April, reported S&P Global.However, Asian business managers also reported rising and accelerating costs of operation in April."On the prices front, the latest data indicated that cost burdens rose in 17 of the 18 monitored sectors in April. Notably, the majority of these saw expenses increase at a stronger pace than in March," said S&P Global.Of the 18 monitored industries, only banks and real estate lowered output charges, said the credit-rating agency.The Asia Sector PMI indices were compiled by S&P Global from surveys received from 6,000 Asian private-sector companies.

ASX 200^BSE^HNX^HOSEHang Seng^JKSEKOSPINikkei 225^NSE^SETShanghai CompositeTaiwan Weighted
Asia

Chinese Stocks Rise On Positive Service Sector Data, Suspension of US' Project Freedom

Chinese equities gained after the market resumed following the Labor Day holiday, with sentiment being uplifted over the expansion of the service sector.The Shanghai Composite Index rose 1.2%, or 48.02 points, to close Wednesday's trade at 4,160.17. The Shenzhen Component Index jumped 2.3%, or 352.06 points, to 15,459.62.The RatingDog China General Services Business Activity Index accelerated to 52.6 in April from 52.1 in March due to new business growth, which was driven by new orders increasing for the 40th straight month.Adding to the positive sentiment was U.S. President Donald Trump's announcement to cease "Project Freedom", a plan to escort ships stranded in the Strait of Hormuz, amid efforts to strike a deal with Iran to end the war.In corporate news, Shenzhen Zhongjin Lingnan Nonfemet (SHE:000060) jumped 10% after completing the registration and establishment of a new subsidiary, Shaoguan Zhongjin Lingnan Wanhou Nonferrous Mining.Guangdong HEC Technology (SHA:600673) also climbed 10% after its unit, Dongyangguang Yunzhisuan, signed a framework computing power services contract valued between 16 billion yuan and 19 billion yuan.CCOOP Group (SHE:000564) inched 3.4% higher amid plans to sell its wholly-owned subsidiary, Changchun Meilifang Minsheng Shopping Center, via public bidding.

Shanghai Composite^SZSESHA:600673SHE:000060SHE:000564
Asia

Market Chatter: China 'Big Fund' Eyes to Lead DeepSeek Funding

China's state-backed "Big Fund" is in talks to lead DeepSeek's next fundraising round at a $45 billion valuation, Financial Times reported Tuesday.China Integrated Circuit Industry Investment Fund, which already backs SMIC and other semiconductor chip players, aims to spearhead the financing though final details remain unconfirmed, according to the report.(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

Market Chatter: China Overtakes Japan in Perovskite Solar Patent Race

China overtook Japan in total perovskite solar cell patent applications filed globally, based on the latest patent landscape analysis, Nikkei Asia reported Tuesday.About 2,000 applications were public, with China leading valid filings as of 2023, according to the report. This ended Japan's lead from 2015 to 2022.CATL (HKG:3750, SHE:300750) topped company rankings in 2025, followed by Panasonic (TYO:6752), Nikkei Asia wrote.(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.)

Nikkei 225Shanghai Composite^SZSEHKG:3750SHE:300750TYO:6752
Asia

Ireland's Data Watchdog Launches Probe into Shein Over Consumer Data Transfers

Ireland's Data Protection Commission opened an inquiry into Chinese online retailer Shein over personal data transfers, the regulator said in a press release on Tuesday.The inquiry will look into whether the company complied with regulations when it comes to the transfer of European consumers' personal data to China.Shein said it has been "actively engaging" with the regulator in recent months regarding data protection, and it is "fully committed" to complying with regulations. The company added that it is taking its data protection obligations "extremely seriously," Reuters reported Tuesday, citing an emailed statement from the company.

Shanghai Composite^SZSE
Asia

China Service Sector Expands Faster in April, RatingDog Says

China's service sector expanded faster in April as the country's service companies saw heightened activity and new business.The RatingDog China General Services Business Activity Index accelerated to 52.6 in April from 52.1 in March, according to data released Wednesday.The faster expansion came as new business grew, with new orders increasing for the 40th straight month, according to RatingDog.Outstanding workloads also grew during the month, while average input prices also increased in line with rising fuel prices.Service demand was strongest in the domestic markets, with new export business falling for the second straight month.The Composite Output Index also grew to 53.1 in April from 51.5 in March, the second-fastest since May 2024, according to RatingDog.

Shanghai Composite^SZSE
Asia

Market Chatter: Yuan Payments Surge as Iran, Russia Ditch Dollar for Oil Trade

Yuan-based trade settlements surged 50% in March on China's Cross-border Interbank Payment System to 1.46 trillion yuan, triple the 2021 levels, Nikkei Asia reported Monday.With Iran tolling Hormuz tankers in yuan and crypto, and Russia locked out of SWIFT, demand for China's currency is soaring, according to the report. Saudi Arabia also now settles 41% of oil deals in yuan.However, the yuan's global share as settlement currency is just 3% versus the U.S. dollar's 51%, Nikkei Asia wrote.(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

Beijing Tourism Revenue Up 7% During May Day Holiday

Beijing generated 22.4 billion yuan in tourism revenue during the five-day May Day holiday, a 6.6% year-on-year increase, according to the Beijing Municipal Bureau of Culture and Tourism.China's capital city received 18.8 million tourist visits, up 5.1%. Inbound visits rose 22.3% to 128,000, with spending reaching 1.38 billion yuan.Beijing hosted over 2,000 cultural activities, including 1,684 live performance sessions, generating 260 million yuan in box office revenue.

Shanghai Composite^SZSE
International

China Railway Holiday Trips Exceed 100 Million

China's railway network carried over 100 million passengers during the May Day holiday, according to China State Railway Group.As of May 4, trips reached 117 million over the holiday period, which ended Tuesday.A single-day record of 20.4 million passengers traveled on May 4.With return journeys surging, 23 million trips are expected Tuesday, supported by 2,225 additional services.Popular destinations include Beijing, Guangzhou, Shanghai, Chengdu and Shenzhen.

Shanghai Composite^SZSE
International

Wall Street Signals, Oil Outlook Damp Asian Stock Markets

Asian stock markets tracked moderately lower Tuesday on overnight Wall Street cues and ongoing uncertainty regarding the still-closed Strait of Hormuz.Hong Kong lost ground, Shanghai inched higher, and Tokyo remained closed on holiday. Other regional exchanges were mixed and muted, with Seoul also shuttered.In Hong Kong, the Hang Seng Index opened lower and could not recover, finishing down 0.8% as traders weighed Middle East developments, and eschewed tech issues.The broad gauge Hang Seng fell 197.27 to 25,898.61, as losing issues outnumbered gainers 57 to 30. The Hang Seng TECH Index lost 0.9% on the day, while the Mainland Properties Index rose 0.6%.Leading the upside was conglomerate CK Hutchinson, gaining 4.1%, while bank HSBC declined 5.2%.On the mainland, the Shanghai Composite rose 0.1% to 4,112.16.On the other regional exchanges, the Taiwan TWSE inclined 0.2%; the Australian ASX 200 declined 0.2%; the Singapore Straits Times Index fell 0.1%, and the Thai Set declined 0.2%. In late trading in Mumbai, the Sensex was down 0.3%.The MSCI All Country Asia Pacific Index fell 0.3% on the day.In economic news, citing inflation, the Reserve Bank of Australia raised its key policy interest rate by 0.25% to 4.35%, marking its third rate hike of 2026.

Hang SengNikkei 225Shanghai Composite
International

AI-Tech Rallies Lift Asian Stock Markets in Holiday Thinned Trading

Led by large tech-rallies in Seoul and Taiwan, Asian stock markets gained ground on Monday in holiday-thinned trading.Hong Kong also finished in the green, while Bangkok, Shanghai and Tokyo remained shuttered.After recent AI-triggered rallies on Wall Street, Seoul's KOSPI Index rose 5.1% to strike a fresh all-time zenith, led by semiconductor giants Samsung Electronics, up 5.4%, and SJ Hynix, up 12.5%.Taiwan's TWSE Index rose 4.6% on the day, also hitting new record high, led by 6.6% rise in Taiwan Semiconductor Manufacturing shares.In Hong Kong, the Hang Seng Index opened higher and held ground, finishing up 1.2% as traders embraced tech and property shares.The broad gauge Hang Seng rose 319.25 to 26,095.88, as gaining issues outnumbered losers 71 to 19. The Hang Seng TECH Index gained 2.2% on the day, while the Mainland Properties Index rose 2.1%.Leading the upside was smart-phone and EV-maker Xiaomi, gaining 6.8%, while Macau gaming-house Galaxy Entertainment declined 2.8%.On the other regional exchanges, the Australian ASX 200 declined 0.4%; the Singapore Straits Times Index rose 0.2%, and Mumbai's Sensex was up 0.5%.In economic news, the seasonally adjusted South Korea manufacturing purchasing managers index (PMI) logged at 53.6 in April, up from 52.6 in March, and striking further above the 50-mark that separates growth from contraction, said S&P Global.

Hang SengNikkei 225Shanghai Composite
Asia

Middle East War Weighs on Asia-Pacific Corporates' Credit Profiles, Fitch Says

The Middle East will hit many Asia-Pacific corporate sectors through oil price hikes, shipping and supply chain disruptions, dampened demand, and delayed cyclical rebounds, Fitch Ratings said in a recent release.The war could have a lingering economic and business impact in the second half of 2026 even if it ends earlier, since it would take time for markets to normalize, the rating agency said.Corporates in the region also face other developments that are credit-impacting, such as geopolitical tensions, sanctions, and tariff uncertainties, according to Fitch.Meanwhile, growth varies within the region, with China exhibiting declining domestic demand, lingering price competition, and excess capacity that weigh on companies in the consumer, industrial, building materials, and automotive sectors, Fitch said.India and some Southeast Asian countries have solid domestic growth and infrastructure spending as well as robust household consumption, anchoring credit trends in local demand-tied sectors, according to the rating agency.Fitch still sees EBITDA margins to remain strong and rise above 15% on aggregate for its issuers in the region, supporting improved free cash flow generation.

ASX 200Hang SengNikkei 225Shanghai Composite^SZSE

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