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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 Markets

Tech Recovery Lifts Asian Stock Markets

Asian stock markets largely rallied on Wednesday, following a soft inflation report overnight from Washington, and gains in tech shares on Wall Street.In addition, reports from Beijing confirmed a still-growing national economy, if somewhat tempered by sluggish retail and property sectors.Hong Kong and Tokyo trading floors finished in the green, although Shanghai edged lower. Other regional exchanges gained ground, led by a 6.2% rise on Seoul's KOSPI index.In Japan, the Nikkei 225 opened higher on overnight Wall Street cues and held ground, finishing up 1.5% as traders again embraced tech shares.The benchmark Nikkei 225 rose 1008.01 to 68,751.51, as gaining issues outnumbered losers 153 to 68.Leading the upside was semiconductor manufacturing equipment maker Lasertec, up 10.2%, while frozen food distributor Nicherei declined 8.2% after a cyber-attack disrupted operations.In economic news, Japan's tertiary (services) index rose 1.1% in May from April, reaching the highest level since 2019.In Hong Kong, the Hang Seng Index opened evenly and rose to the close, after reports from Beijing affirmed China's economy is only marginally below state growth targets.The broad gauge Hang Seng rose 340.37 to 24,681.10, as gaining issues outnumbered losers 68 to 21. The Hang Seng TECH Index gained 1.3% on the day, while the Mainland Properties Index rose 1.8%.Leading the upside was Innovent Biologics, gaining 7.8%, while Semiconductor Manufacturing International declined 2.6%.On the mainland, the Shanghai Composite fell 0.3% to 3,955.58.In economic news, retail sales in China rose 1% on the year in June, reported the National Bureau of Statistics (NBS).Property investment in China fell 18% on the year in the first six months of 2026, according to the NBS.The nation's industrial production grew by 5.3% on the year in June, while China's Q2 gross domestic product (GDP) expanded 4.3%, said the NBS.On the other regional exchanges, the Taiwan TWSE gained 2%; the Australian ASX 200 advanced 0.4%; the Singapore Straits Times Index rose 1.2%, and the Thai Set rose 0.3%. In late trading in Mumbai, the Sensex was up 0.2%.The MSCI All Country Asia Pacific Index rose 1.8% on the day.

Hang SengNikkei 225Shanghai Composite
Asia

China Shares Close Lower as Q2 GDP Growth Disappoints; China Aerospace Times Electronics Falls 9%

Chinese shares fell on Wednesday as the country's second-quarter economic growth fell short of forecasts.The Shanghai Composite Index, the main gauge of Chinese stocks, closed 0.3% lower at 3,955.58. The Shenzhen Component Index fell 1.0% to 14,779.40.China's gross domestic product expanded 4.3% year over year in the second quarter, missing the consensus market forecast of a 4.5% growth tracked by Investing.com and slower than the 5% expansion recorded in the preceding quarter.This brought first-half GDP growth to 4.7%, within Beijing's full-year growth target range of 4.5% to 5%.Property investment in China fell 18% year over year in H1, sharper than the 16.2% decline recorded in the previous five-month period.China's retail sales of consumer goods grew 1% year over year to 4.269 trillion yuan in June, rebounding from a 0.6% contraction recorded in the previous month and defying the consensus forecast for a 0.1% decline tracked by Investing.com.In company news, China Aerospace Times Electronics (SHA:600879) forecasted first-half attributable net profit of between 36 million yuan and 43 million yuan, down from 173.7 million yuan the previous year. Shares of the aerospace company closed 9% lower Wednesday.

Shanghai Composite^SZSESHA:600879
China's New Home Prices See Slower Contraction in June
US Markets

China's New Home Prices See Slower Contraction in June

New home prices across 70 major cities in China declined at a softer pace in June, fanning expectations for a recovery in the country's troubled real estate market.The figure slipped 3.3% year over year in June, the 36th straight month of declines, according to Trading Economics' calculation of data from the National Bureau of Statistics (NBS) on Wednesday.The latest print was softer than the 3.5% decrease recorded in the previous month. June's figure was also slower than the Trading Economics forecast of a 3.4% drop.Second-hand home prices declined the most in four months at 0.32%, Bloomberg reported separately.The figures indicate existing government measures are helping tame the property market amid weakened demand and confidence.Home prices in Shanghai rose 3.1%, slightly slower than the 3.2% increase seen in May, Trading Economics said.After Shanghai's increase, more cities could see a stop in the decline of residential values, Bloomberg reported separately on Wednesday, citing analysts at CITIC Securities (HKG:6030, SHA:600030).The figures come as real estate investment slid 18% year over year in the first six months, sharper than the 16.2% decline recorded in the previous five-month period.

Shanghai Composite^SZSEHKG:6030SHA:600030
China's Economy Posts Weakest Growth Since Late 2022 Amid Uneven Recovery
US Markets

China's Economy Posts Weakest Growth Since Late 2022 Amid Uneven Recovery

China's economy grew at its slowest annual pace since the fourth quarter of 2022 as weak domestic demand and a prolonged property downturn continued to weigh on growth.Gross domestic product grew 4.3% year over year in the second quarter, down from 5% in the first quarter, according to data released by the National Bureau of Statistics on Wednesday.The headline reading missed the consensus market forecast for 4.5% growth, as tracked by Investing.com.On a seasonally adjusted quarterly basis, gross domestic product expanded 0.9%, matching market expectations but easing from 1.3% growth in the previous quarter.Industrial production rose 5.3% year over year in June, accelerating from 4.5% in May and exceeding the 4.7% consensus forecast.Retail sales increased 1% from a year earlier in June, rebounding from a 0.6% decline in May and beating expectations for a 0.1% contraction, suggesting consumer spending showed signs of improvement.However, fixed asset investment fell 5.7% in the first six months of the year, compared with market expectations for a 5% decline and a 4.1% drop in the January-May period.Property investment remained under pressure, falling 18% in the first half of the year after declining 16.2% in the first five months, highlighting the prolonged weakness in the real estate sector.The latest data point to an uneven recovery in the world's second-largest economy, with stronger manufacturing output and a rebound in consumer spending helping offset persistent weakness in investment and the property market.The figures come in the same week as Beijing unveiled its first five-year plan focused on boosting consumption, targeting annual retail sales of about 60 trillion yuan by 2030.The plan aims to raise household incomes, improve social security and public services, and encourage spending on elderly care, childcare, healthcare, tourism, sports, and education.It also calls for promoting new consumption models, including digital and AI-powered consumption, while easing restrictions on sectors such as housing, automobile purchases and entertainment."Reviving consumption is the harder job. It takes time to rebuild household confidence," Reuters quoted Kenneth Goh, director of private wealth management at UOB Kay Hian, as saying."On the ground, factories are busy, but shoppers are pickier, watching value closely. Confidence is coming back slowly," he added.Goh said policymakers were likely to focus more on direct support for households, including fiscal transfers, stronger social safety nets and measures to stabilize the property market, rather than relying on infrastructure spending.Investors are now looking to the expected late-July Politburo meeting for clues on fresh stimulus that could shape economic policy for the rest of the year."The economic growth slowed in Q2, but I am not sure it would push the government to change policy stance significantly in the coming months," Reuters quoted Zhiwei Zhang, chief economist at Pinpoint Asset Management, as saying."The government is still on track to deliver growth in line with the official target... The Politburo meeting in the last week of July will shed light on the policymakers' guidance."China has so far weathered the latest oil shock due to resilient energy stockpiles and state-controlled fuel prices, but a prolonged rise in energy costs could squeeze factory margins, weaken household purchasing power and complicate efforts to sustain growth.A Reuters poll forecasts China's economy will expand 4.6% in 2026, slowing from 5% last year, before easing further to 4.4% in 2027.

Shanghai Composite^SZSE
International

China's Industrial Energy Production Mixed in June

China's industrial energy production was mixed in June, with raw coal and crude oil output declining year over year, while natural gas production returned to growth and electricity generation maintained steady growth, according to data from the National Bureau of Statistics on Wednesday.Raw coal production fell 9.7% year over year to 380 million metric tons, compared with a 1.7% decline in the previous month.Crude oil output slipped 0.5% year over year to 18.12 million metric tons, while natural gas production increased 1.1% to 21.4 billion cubic meters, compared with a 2.2% decline in May.Electricity output rose 2% year over year to 827.6 billion kilowatt-hours, softer than the 4.2% increase in May.

Shanghai Composite^SZSE
International

China's Retail Sales Rebound 1% in June

China's retail sales of consumer goods grew 1% year over year to 4.269 trillion yuan in June, according to data from the National Bureau of Statistics released Wednesday.The latest print rebounded from a 0.6% contraction recorded in the previous month, defying the consensus forecast for a 0.1% decline tracked by Investing.com.Sales in urban areas rose 0.8% year over year to 3.684 trillion yuan, while rural retail sales edged up 2.1% to 584.7 billion yuan.For the first six months of the year, retail sales in China rose 1.3% year over year to 24.87 trillion yuan.

Shanghai Composite^SZSE
International

China's Real Estate Investment Slumps 18% in H1

Property investment in China fell 18% year over year during the first six months of the year, according to data from the National Bureau of Statistics released Wednesday.The pace of drop was sharper than the 16.2% decline recorded in the previous five-month period.Total construction area of real estate companies declined 12.5% in the first half to 554 million square meters, while new construction starts plummeted 23.4% to 232.4 million square meters.Funds available to property developers tumbled 20.2% from a year earlier to 4.02 trillion yuan.

Shanghai Composite^SZSE
International

China's Industrial Production Growth Quickens to 5.3% in June

China's industrial production grew by 5.3% year over year in June, according to data from the National Bureau of Statistics released on Wednesday.The reading was higher than the 4.5% expansion recorded in the previous month. It beat the consensus forecast of a 4.7% growth tracked by Investing.com.By sector, manufacturing output edged up 6%, mining declined 2.2%, and the production and supply of electricity, thermal power, gas, and water climbed 7.4%.On a month-over-month basis, industrial output rose by 0.76%.For the first six months of the year, industrial output rose 5.4% year over year.

Shanghai Composite^SZSE
International

China's Urban Unemployment Rate Shrinks to 5% in June

China's surveyed urban unemployment rate fell to 5% in June from 5.1% in May, according to data from the National Bureau of Statistics on Wednesday.The reading was also lower than the consensus forecast of 5.1% tracked by Investing.com.The surveyed unemployment rate in 31 major cities stood at 5%, falling from 5.1% the prior month.Meanwhile, the average working hours per employee in June were 48.2 hours per week, unchanged from the previous month.

Shanghai Composite^SZSE
International

China's Fixed Asset Investment Contracts 5.7% in H1

China's fixed asset investments fell 5.7% year over year in the first half of 2026 to 22.64 trillion yuan, according to data from the National Bureau of Statistics released Wednesday.The reading was sharper than the 4.1% contraction recorded in the January-May period. It was also worse than the consensus forecast of a 5% contraction tracked by Investing.com.Investment in infrastructure declined 2.4% year over year, while manufacturing sector investment fell 1.2%. Spending in the utilities sector likewise dropped 2.7%.

Shanghai Composite^SZSE
International

China's GDP Growth Slows to 4.3% in Q2

China's gross domestic product expanded 4.3% year over year in the second quarter of 2026, according to data from the National Bureau of Statistics on Wednesday.The headline reading missed the consensus market forecast of a 4.5% growth tracked by Investing.com, and compared with the 5% expansion recorded in the preceding quarter.This brings year-to-date growth to 4.7%, falling short of Beijing's full-year growth target range of 4.5% to 5%.On a quarter-over-quarter seasonally adjusted basis, the world's second-largest economy grew 0.9% in Q2, decelerating from the 1.3% growth registered in the prior three-month period.

Shanghai Composite^SZSE
Asia

China Sees Mixed Open as Iran Tensions Escalate, Beijing Sets 2030 Consumption Goal

Chinese shares opened mixed on Wednesday amid the accelerating collapse of the U.S.-Iran ceasefire and China setting an about 60-trillion-yuan retail sales target by 2030.The Shanghai Composite Index, the main gauge of Chinese stocks, opened 0.1% lower at 3,963.73. The Shenzhen Component Index climbed 0.3% to 14,970.87.The U.S. reimposed a blockade on Iranian ports early Wednesday over Tehran's attacks on Hormuz Strait shipping, drawing retaliatory strikes against countries hosting American troops and accelerating the collapse of an interim ceasefire, the Associated Press reported.China has set a target to boost total retail sales of consumer goods to about 60 trillion yuan by 2030, reinforcing consumption as a primary growth engine during the 15th Five-Year Plan period. The State Council-backed strategy targets a higher consumption-to-GDP ratio, faster growth in goods and services spending, structural upgrades, stronger supply, and a significantly better consumer environment.

Shanghai Composite^SZSE
International

China's New Home Prices Fall 3.3% in June

New home prices in China's 70 major cities decreased 3.3% year over year in June, according to Trading Economics' calculation of data from the National Bureau of Statistics on Wednesday.The latest print was softer than the 3.5% decrease recorded in the previous month and against the Trading Economics forecast of a 3.4% drop.

Shanghai Composite^SZSE
Asia

Market Chatter: DeepSeek Begins IPO Preparations, Eyes 2027 Listing

Chinese artificial intelligence startup DeepSeek is laying the groundwork for an initial public offering in 2027, Bloomberg News reported, citing people familiar with the matter.The Hangzhou-based company is targeting a mainland China listing and aims to submit its listing application as early as this year, according to the report.It has also reportedly begun discussions with investment banks and accounting firms to prepare for the offering.Separately, DeepSeek is looking to secure additional private capital shortly after completing a record $7 billion fundraising. The company is in discussions with prospective investors for a new funding round targeting a pre-money valuation of at least 480 billion yuan, 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 Markets

Tech Recovery, China Trade Boom Offset Oil Woes in Asian Stock Markets

Asian stock markets largely gained Tuesday as traders hunted relative values in the tech sector, and weighed strong international trade reports from Beijing. Concerns regarding oil prices and the Strait of Hormuz were shrugged off.Hong Kong, Shanghai and Tokyo finished in the green, while other regional exchanges closed choppily.Brent oil struck $86.05 a barrel, up 3.9%, during Asian trading hours.In Japan, the Nikkei 225 opened lower on overnight Wall Street cues, but finished up 0.7% as traders bought into beaten-down semiconductor and AI-related shares.The benchmark Nikkei 225 rose 500.77 to 67,743.50, as gaining issues outnumbered losers 176 to 46.Leading the upside was personal-products house Shiseido, up 5.1%, while Yaskawa Electric declined 9%.In Hong Kong, the Hang Seng Index opened lower but gained in trading, closing up 0.5% after Beijing released positive export and import figures for June.The broad gauge Hang Seng rose 127.01 to 24,340.73, as gaining issues outnumbered losers 71 to 19. The Hang Seng TECH Index gained 0.1% on the day, while the Mainland Properties Index rose 0.5%.Leading the upside was Aluminum Corp. of China, up 9.6% after issuing a profit forecast, while search-engine colossus Baidu declined 7.3%.On the mainland, the Shanghai Composite rose 1.4% to 3,967.13.In economic news, mainland China exports in June rose 27% on year, measured US dollars, while imports grew 36% in the same time frame, reported the General Administration of Customs.On the other regional exchanges, the S. Korean KOSPI rose 0.7%; the Taiwan TWSE declined 1.4%; the Australian ASX 200 was flat; the Singapore Straits Times Index rose 0.5%, and the Thai Set declined 0.1%. In late trading in Mumbai, the Sensex was down 0.7%.The MSCI All Country Asia Pacific Index rose 0.4% on the day.

Hang SengNikkei 225Shanghai Composite
International

China's Trade Surplus Rises 17% in H1

China's trade surplus, in terms of renminbi, grew 16.9% year on year in the first half to 25.5 trillion yuan, according to Tuesday's data from the General Administration of Customs.Exports rose 13.4% year on year to 14.7 trillion yuan, while imports climbed 22.1% to 10.7 trillion yuan.

Shanghai Composite^SZSE
Asia

China's Smartphone Shipments Drop 4.3% in Q2

China's smartphone shipments for the second half of the year fell 4.3% year on year to 66 million units as prices increased, according to Tuesday data from research firm IDC.The number of smartphone shipments declined for the fifth consecutive quarter.The research firm said consumers were hesitant to upgrade their units as vendors raised their prices or trimmed configurations due to the increase in memory and core component costs starting from late March. The lift from government subsidies also faded.Among brands, Huawei led the local market share in the second quarter, owning 22.6% of the market share and its shipments growing 19.4% year on year. Apple followed suit, owning 18.1% of the domestic market share, and its shipments climbing 24.4% from a year earlier.However, both brands kept their prices steady while their competitors increased their prices, according to the IDC."That gave hesitant buyers a reason to go ahead and purchase in a quarter when most of the market was giving them a reason to wait," Arthur Guo, research analyst at IDC China's client devices research, said.

Shanghai Composite^SZSE
Asia

China Shares Rebound as Country Unveils Retail Sales Target; Wus Printed Circuit Kunshan Jumps 10%

Chinese shares rebounded at the close of Tuesday's session as the country targeted 60 trillion yuan in retail sales by 2030.The Shanghai Composite Index, the main gauge of Chinese stocks, closed 1.4% higher at 3,967.13. The Shenzhen Component Index jumped 2.8% to 14,924.87.China has unveiled a government plan to expand total retail sales of consumer goods to about 60 trillion yuan by 2030, strengthening consumption's role as a key economic driver during the 15th Five-Year Plan period.The State Council-approved plan aims to significantly raise the household consumption-to-GDP ratio and achieve relatively fast growth in total goods and services consumption. Additional targets include optimizing consumption structure, continuously improving consumption capacity, enhancing the supply of goods and services, and substantially improving the consumption environment.On the economic front, China's trade surplus widened to $125.6 billion in June from $105.4 billion in May. The reading was higher than the consensus forecast of $121.4 billion tracked by Investing.com.In company news, Wus Printed Circuit Kunshan (SHE:002463) forecasted first-half attributable net profit of between 2.83 billion yuan and 3.00 billion yuan, compared with 1.68 billion yuan the previous year. Shares of the printed circuit board manufacturer jumped 10% Tuesday.

Shanghai Composite^SZSESHE:002463
Asia

LimX Dynamics Raises Nearly $200 Million in Pre-IPO Round

LimX Dynamics has secured nearly $200 million in a pre-initial public offering financing round.This brought total fundraising to $400 million over the past six months, according to a Tuesday tweet on X.Proceeds will be used to accelerate the integration of high-level cognition with whole-body control systems, enabling the large-scale deployment of thousands of fully autonomous humanoid robots.The Chinese humanoid robot developer plans to strengthen manufacturing capabilities and expand global presence across the Middle East, Europe and key Asian markets.LimX Dynamics will also continue building an open developer platform to drive physical AI innovation and commercialization.

Shanghai Composite^SZSE
China's Trade Surplus Beats Forecasts in June Amid AI-Driven Export Boom
US Markets

China's Trade Surplus Beats Forecasts in June Amid AI-Driven Export Boom

China's trade surplus widened in June, driven by stronger-than-expected export growth as global demand for artificial intelligence infrastructure and technology hardware continued to surge.Trade surplus expanded to $125.6 ​billion from $105.4 billion in May, according to data from Chinese customs on Tuesday.The latest print beat the consensus forecast of $121.4 billion, tracked by Investing.com.Exports rose 27% year over year to $412.4 billion, beating the Investing.com consensus forecast for an 18.2% increase.Imports increased 36% from a year earlier to $286.8 billion, also exceeding the Investing.com consensus forecast for a 24% rise.The data reflects solid global demand for AI-related products, with international firms accelerating orders for semiconductors and data center components.At home, China is pushing heavily into the AI race, with hi-tech manufacturing growing 13.1% year over year, while hi-tech fixed asset investment rose 4.5%, according to ING.However, analysts note a persistent structural imbalance between booming foreign demand and sluggish domestic consumption."Explanations for this latter challenge include continued wealth destruction from the property downturn and wage growth slowing due to involution-type competition in a near-deflationary environment," Lynn Song, ING's chief economist for Greater China, wrote in a July 9 note.China's factory activity weakened to a three-month low in June, despite increasing demand for chips. The headline RatingDog China General Manufacturing Purchasing Managers' Index, or PMI, fell to 51.7 from 51.8 in May. Analysts from Nomura attributed this to the oversaturation of AI, which has been limiting its economic growth contribution.

Shanghai Composite^SZSE

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