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Shanghai Composite Index

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590 stories mentioning Shanghai Composite IndexUpdated 5h ago

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

Asia

Several Asian Countries Face Additional US Tariffs Over Forced-Labor Trade Practices

Several Asian countries could soon face additional duties on some of their exports to the U.S. following Washington's probe into imports produced using forced labor, the Office of U.S. Trade Representative (USTR) said Tuesday.The USTR said Bangladesh, Cambodia, China, Hong Kong, India, Japan, Malaysia, the Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand, Indonesia, Pakistan, and Vietnam are among the 54 economies that have failed to impose and effectively enforce a forced-labor import ban.The USTR proposed a 10% additional tariff for economies that have partially enforced bans on the importation of certain forced-labor goods and a 12.5% tariff for the rest.

^BSE^HNX^HOSEHang Seng^JKSEFTSE Bursa Malaysia KLCIKOSPINikkei 225^NSE^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted
Asia

DiDi Swings to Loss in Q1

Chinese ride-hailing platform DiDi swung to a loss attributable to shareholders of 1.22 billion yuan in the first quarter from the year-ago attributable profit of 2.36 billion yuan, according to the company's press release published Tuesday.Loss per share for the period was 1.05 yuan against the earnings per share of 1.92 yuan a year earlier.Revenue rose 10% year on year to 58.7 billion yuan from 53.3 billion yuan.

Shanghai Composite^SZSE
Asia

Market Chatter: Study Shows China Owning Over 11,000 German-Made Patents

A study showed that China has been owning over 11,300 patents developed in Germany for more than twenty years, Reuters reported Tuesday, citing a study from the German Economic Institute.A foreign entity owns almost one in three German-made inventions, with U.S. owners owning a third and Swiss owners holding about 11%, according to the Bertelsmann Foundation-commissioned study, the report said.China has been particularly active in acquiring technologies in mechanical engineering, where patent applications increased to 4,300 in 2022 from 3,300 in 2000, according to the media outlet.IW expert Oliver Koppel said Europe must make a deeper study on where these technologies are migrating due to the imbalance in Western acquisitions. He also said that Germany's insufficient investment in research and development is putting its domestic innovative capability in a fragile state, the report said.The report said Germany's R&D spending fell to the sixth spot globally in 2021 from the third place in 2000, while China raised its R&D investment twentyfold over the period, according to Reuters.(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: Tiger to Bar China-Based Investors from Adding to Positions

Singapore-based Tiger Brokers will not allow its China-based investors to add to their positions when they are physically in mainland China, Reuters reported Tuesday, citing a notice to clients.The brokerage said investors will still be allowed to trade their securities from existing accounts when they travel offshore, Reuters said.The move comes after Chinese authorities informed Tiger and other brokers to wind down the accounts, which are illegal under Beijing's new rules on cross-border transactions, Reuters said.China fined three brokerages in May for operating without proper approvals, among them Tiger Brokers (NZ), Futu Securities International (Hong Kong), and Changqiao Securities (Hong Kong), also known as Longbridge, according to a May 22 notice by the China Securities Regulatory Commission.(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

China Shares Rise on Strong Business Activity Expansion; Beijing Oriental Yuhong Waterproof Technology Down 3%

Chinese shares rose on Wednesday amid the strong expansion of business activity in the country, as sentiment was anchored by the latest May macroeconomic data from S&P Global and the RatingDog economic tracker.The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.2% to 4,083.97. The Shenzhen Component Index went up 0.7% to 15,704.71.Business activity in China expanded at the fastest pace in three months in May, according to data from S&P Global and RatingDog.On the other hand, the RatingDog China Composite Purchasing Managers' Index came in at 54, compared with 53.1 in the previous month, marking the fastest growth in output since February.Meanwhile, the headline RatingDog China General Services Business Activity Index was 54.4, up from 52.6 previously and above the Investing.com consensus estimate of 52.3. The reading marked the strongest increase in services activity in three months as growth in business activity and new orders continued to accelerate.In company news, Beijing Oriental Yuhong Waterproof Technology (SHE:002271) plans to invest about 542 million yuan to acquire 55% stakes in Indonesian construction materials companies PT IALK and PT ACUM. Shares of the waterproofing system provider closed 3% lower Wednesday.

Shanghai Composite^SZSESHE:002271
Asia

Market Chatter: Tesla's China Sales Rise 39% in May

Sales of Tesla's China-made electric vehicles rose 39% year over year in May, Reuters reported Tuesday, citing the China Passenger Car Association.Deliveries grew 8.2% month on month to 85,982 units, 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: DeepSeek to Raise 50 Billion Yuan in Pilot Funding Round

DeepSeek seeks to raise about 50 billion yuan in its first funding round, potentially valuing the Chinese artificial intelligence startup between 350 billion yuan and 400 billion yuan, Reuters reported Wednesday, citing sources.Tencent (HKG:0700) and Contemporary Amperex Technology (SHE:300750, HKG:3750) are expected to become the biggest investors in the fundraising as they are considering injecting 10 billion yuan and 5 billion yuan, respectively, the report said.The AI firm is in discussions with China's national artificial intelligence fund, as well as NetEase (HKG:9999) and JD.com (HKG:9618), to participate in the fundraising, according to Reuters.DeepSeek's founder, Liang Wenfeng, pledged to inject 20 billion yuan into the startup, sources reportedly told the media outlet.DeepSeek, Tencent and CATL are yet to 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^SZSEHKG:0700HKG:3750HKG:9618HKG:9999SHE:300750
Asia

US Seeks Comments on China Trade Board

The U.S. Trade Representative (USTR) launched a public comment period to gather input on establishing a new bilateral governance framework, referred to as the U.S.-China Board of Trade.The framework is designed to manage trade relations between the two countries on an ongoing basis, according to a Tuesday press release.The USTR is seeking public feedback on specific categories of non-sensitive products that could benefit from tariff adjustments on both sides, with the goal of achieving a more balanced and reciprocal trade relationship.The deadline for comment submission is July 10. Responses to those comments are due July 27.

Shanghai Composite^SZSE
Asia

Market Chatter: China Sees Rebound in LNG Imports in May

China's liquefied natural gas imports rose to 4.9 million tons in May, marking a marginal year-on-year increase. The rebound offers a stark contrast to April's imports, which hit an eight-year low, with the country raising purchases to satisfy summer demand, Bloomberg News reported Tuesday.The Iran war has choked Gulf shipments, which typically supply one-third of China's needs. Qatar's drop was offset by increases from Canada, Malaysia, Oman and Russia, according to the report.State-owned CNOOC (SHA:600938, HKG:0883) and Zhejiang Energy have purchased cargoes for June and July delivery amid falling inventories and expected hot summer weather, Bloomberg 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^SZSEHKG:0883SHA:600938
Asian Banking Sector Surges Past Automobiles to Lead May Activity Growth, S&P Global Survey Finds
US Markets

Asian Banking Sector Surges Past Automobiles to Lead May Activity Growth, S&P Global Survey Finds

Most Asian business sectors expanded in May, with banking overtaking the automobile industry, according to the S&P Global Asia Sector PMI released on Wednesday.Leading the upturn for the first time in seven months, the banking sector expanded at its second-steepest rate in over five and a half years. The growth follows a previous S&P Global forecast warning that credit losses in the Asia-Pacific banking sector could surge by approximately $180 billion due to the ongoing conflict in the Middle East.The automobile sector, last month's top performer, slipped to second place, though its pace of growth remained historically high.Of the 18 sectors monitored, only forestry and paper products, alongside construction materials, recorded a contraction in new orders; however, these declines were softer than in the previous month. In contrast, the transportation sector posted the strongest surge in new orders, despite looming concerns over U.S.-Iran negotiations.Volatility persists in the energy and oil industries due to the precarious state of U.S.-Iran talks aimed at ending the Middle East conflict."Oil prices received a boost yesterday as talks between the US and Iran appeared to break down -- again. This has become a common pattern in recent months, and there are still plenty of mixed messages," ING'S Warren Patterson and Ewa Manthey said in a Tuesday note. "As a result, oil prices continue to be whipsawed by quickly changing headlines."Operating expenses increased across all 18 sectors. S&P Global highlighted that real estate recorded a renewed rise in input prices, while the chemicals sector posted the sharpest cost inflation rate.All sectors increased their selling prices except for the consumer services sector.

ASX 200^BSE^HNX^HOSEHang Seng^JKSEKOSPINikkei 225^NSENifty 50^SETShanghai Composite^SZSETaiwan Weighted
China Services Activity Grows at Fastest in Three Months in May, Exceeds Forecasts
US Markets

China Services Activity Grows at Fastest in Three Months in May, Exceeds Forecasts

Chinese service activity grew at the fastest rate in three months in May, following a rebound in employment and work backlogs, data from S&P Global and RatingDog showed Wednesday.The headline RatingDog China General Services Business Activity Index rose to 54.4 from April's 52.6, topping the Investing.com consensus estimate of 52.3.The reading continued the current expansion trend first seen in January 2023, according to S&P and RatingDog.New business activity increased halfway through the second quarter, with services demand accelerating for the fourth time in five months, S&P said.New work sources for the services sector jumped due to higher client demand, business innovation and expansion, new client acquisitions, better market conditions, and new projects, according to S&P.Incoming new orders also rose for the 41st straight month, which S&P says is the second-longest ongoing growth in the history of the survey.Business activity forecasts improved to the highest since February and were better compared with the rolling 12-month average.The boost in new businesses in May was enough to generate another rise in outstanding orders, with work-in-hand increasing for the seventh consecutive month and the steepest since June 2024.Surveyed firms linked rising expenses to uncertainties in oil and fuel prices, as well as more purchases, higher wages, and other labor costs, S&P said.Input costs jumped for the 15th straight month, with inflation speeding up the fastest since October 2024, RatingDog founder Yao Yu said in a statement.Meanwhile, the RatingDog China Composite Purchasing Managers' Index rose to 54.0 from 53.1 in April, marking the fastest growth in overall output since February.Total new businesses rose the strongest in three months, while outstanding work increased for the fourth straight month, leading to higher employment and recruitment, the report said.Improved market conditions boosted optimism in the services sector, alongside new projects and a more bullish economic outlook, Yao said.

Shanghai Composite^SZSE
International

Banking Sector Growth Fastest Among 18 Broader Asian Sectors in May, S&P Data Shows

Banking sector growth was the fastest among the 18 broader Asian sectors in May, with activity expanding at the strongest pace in seven months, S&P Global said in a Wednesday release.Output growth was recorded across 16 of the 18 monitored Asian sectors last month, which was unchanged from April. Only the forestry and paper products, and construction materials sectors incurred declines from April, along with lower new orders received, S&P said.New orders rose across the remaining 16 sectors last month, led by the transportation sector.Employment increased in 10 of 18 sectors, with software & services and technology equipment experiencing the strongest hiring, while insurance witnessed a cutdown in employed staff.

^BSE^HNX^HOSEHang Seng^JKSEFTSE Bursa Malaysia KLCIKOSPINikkei 225^NSE^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted
International

RatingDog China Composite PMI Rises to Three-Month High in May; Services PMI Jumps

Business activity in China expanded at the fastest pace in three months in May, according to Wednesday's data from S&P Global and RatingDog.The RatingDog China Composite Purchasing Managers' Index came in at 54, compared with 53.1 in the previous month, marking the fastest growth in output since February.Meanwhile, the headline RatingDog China General Services Business Activity Index was 54.4, up from 52.6 previously and above the Investing.com consensus estimate of 52.3.The reading marked the strongest increase in services activity in three months as growth in business activity and new orders continued to accelerate.

Shanghai Composite^SZSE
Asia

Market Chatter: PBOC Drains Liquidity as Bond Yields Hit 8-Month Low

China's central bank has reduced its daily cash injection to a historic low as authorities move to absorb excess liquidity from the financial system, Bloomberg News reported Tuesday.The People's Bank of China offered just 200 million yuan through seven-day reverse repos on Tuesday, the smallest amount ever recorded in a daily open market operation, according to the report. This resulted in a net withdrawal of nearly 249 billion yuan.The move follows a sharp slowdown in loan growth that left banks flush with cash, pushing the benchmark 10-year bond yields to 1.7%, the lowest since August 2025, Bloomberg 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

Tech Bulls Shrug Off Geopolitics on Asian Stock Markets

Asian stock markets largely gained on Tuesday as traders shrugged off geopolitics and rallied around AI and tech shares.Hong Kong and Shanghai finished in the green, although Tokyo lagged. Other regional exchanges were mixed on the upside, with fresh all-time zeniths set on equity indices in Seoul and Taiwan.In Japan, the Nikkei 225 opened lower and could not recover, finishing off 0.3% as traders booked profits from recent record-shattering rallies.The benchmark Nikkei 225 fell 200.09 to 66,734.24, as losing issues outnumbered gainers 144 to 77.Leading the upside was glassmaker AGC, up 9.1%, while Nippon Electric Glass declined 10%.In Hong Kong, the Hang Seng Index opened evenly and rose to the close, concluding up 2.5% on AI-sector optimism.The broad gauge Hang Seng rose 640.14 to 26,038.32, as gaining issues outnumbered losers 60 to 30. The Hang Seng TECH Index gained 4.7% on the day, while the Mainland Properties Index rose 0.7%.Leading the upside was WeChat operator Tencent, gaining 10.5% on reports it is testing an AI agent for its social-media platform. Laopu Gold declined 3%.On the mainland, the Shanghai Composite rose 0.4% to 4,075.10.On the other regional exchanges, the S. Korean KOSPI rose 0.2%; the Taiwan TWSE inclined 0.5%; the Australian ASX 200 declined 0.1%; the Singapore Straits Times Index rose 1.2%, and the Thai Set inclined 1.3%. In late trading in Mumbai, the Sensex was up 0.5%.The MSCI All Country Asia Pacific Index rose 0.6% on the day.

Hang SengNikkei 225Shanghai Composite
Asia

Market Chatter: Chinese Universities, Labs Seek Access to Nvidia's Advanced AI Chips

At least seven Chinese universities with links to the country's military are looking to gain access to Nvidia's H200 chips, Bloomberg reported Monday, citing a review of procurement records.Among the schools that are seeking to rent the sophisticated chips are Beihang University and Northwestern Polytechnical University, the report said.The two schools are part of China's "Seven Sons of National Defense," and both are blacklisted by the U.S. Commerce Department for their role in aiding the People's Liberation Army, Bloomberg said.Bloomberg also identified more than 25 Chinese universities and labs that are working with the PLA to obtain older-generation Nvidia chips, according to the news 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^SZSE
Asia

Chinese Shares Rise on Tech Optimism, Index Rebalancing; Far East Smarter Energy Jumps 10%

Chinese shares rose on Tuesday, supported by a rally in technology stocks and the upcoming index rebalancing.The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.4% to 4,075.10. The Shenzhen Component Index went up 1.6% to 15,591.13.Markets are balancing renewed geopolitical risks from the U.S.-Iran war against continued enthusiasm for artificial intelligence-driven growth and technology investment," Reuters reported, citing Robert Savage, head of markets macro strategy at BNY.Meanwhile, China is the only major emerging market drawing investment into its equity, bond, and currency markets, Savage added.Also, boosting sentiment is China's upcoming semi-annual index rebalancing.According to Goldman Sachs estimates, adjustments to major CSI and CNI indexes scheduled for June could trigger over $48 billion in gross two-way passive investment flows, Reuters reported. The adjustments will raise the representation of information technology, telecommunications, and industrial companies.In company news, Far East Smarter Energy (SHA:600869) and its subsidiaries won contracts of about 1.80 billion yuan in May. Shares of the wire and cable manufacturer closed 10% higher Tuesday.

Shanghai Composite^SZSESHA:600869
Asia

Market Chatter: New Overseas Fund Law May Put Curbs on Chinese Buyers' Hong Kong Property Spending

Chinese buyers who purchase high-end homes in Hong Kong are expected to be affected by Beijing's new rule to curb illegitimate cross-border funds, Bloomberg News reported Tuesday.Chinese buyers have splurged their wealth on Hong Kong luxury homes, spending a record high of HK$43 billion on the island in the first three months of the year. In the first four months, mainlanders purchased Hong Kong property with a median value of HK$6.95 million, higher than the locals' spending of HK$5.43 million, the report said, citing data from Midland Realty.Data from Bloomberg Intelligence showed that demand and sales of such houses may be negatively affected as the new law targets buyers who can make large cash down payments on deposits. In May, Beijing placed restrictions on banks and global stock trading, according to the media outlet.Despite the new regulations, demand from mainlanders will remain, analysts 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

Shanghai Bourse Greenlights Unitree Robotics' IPO

The Shanghai Stock Exchange's Listing Review Committee has approved the initial public offering of Unitree Robotics, which specializes in embodied intelligence and robotics, according to a Monday filing with the bourse.The company filed its IPO application in March, seeking to raise up to 4.2 billion yuan for research and development of intelligent robot models and hardware, the rollout of new intelligent robot products, and the construction of a manufacturing base.

Shanghai Composite^SZSE
International

Tech Optimism Lifts Asian Stock Markets

Asian stock markets were mixed on the upside Monday as traders weighed Persian Gulf outlooks and prospects for AI- and tech-related shares.Hong Kong and Tokyo finished in the green, while Shanghai edged lower. Other regional exchanges largely gained, including fresh record highs on equity indices in Seoul and Taiwan.In Japan, the Nikkei 225 opened evenly and rose to the close, finishing up 0.9% as tech shares gained.The benchmark Nikkei 225 rose 604.83 to 66,934.33, another all-time high, although losing issues outnumbered gainers 154 to 70, as upsides were concentrated in tech issues.Leading gainers was tech financier SoftBank, up 14%, while chemical concern Denka declined 7.3%.In economic news, capital spending in Japan in Q1 was largely unchanged from a year earlier, reported the Ministry of Finance.In Hong Kong, the Hang Seng Index closed up 0.9% on strength in property and tech issues.The broad gauge Hang Seng rose 215.79 to 25,378.18, as gaining issues outnumbered losers 65 to 24. The Hang Seng TECH Index gained 1.7% on the day, while the Mainland Properties Index rose 2.4%.Leading the upside was Laopu Gold, gaining 7.7%, while Innovent Biologics declined 2.9%.On the mainland, the Shanghai Composite fell 0.3% to 4,057.74.On the other regional exchanges, the South Korean KOSPI rose 3.7%; the Taiwan TWSE advanced 1.3%; the Australian ASX 200 was steady, and in late trading in Mumbai, the Sensex was down 0.7%. Exchanges in Singapore and Bangkok were closed on holiday.The MSCI All Country Asia Pacific Index rose 0.9% on the day.

Hang SengNikkei 225Shanghai Composite

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