The Shanghai Composite fell 0.82% to close at 3,651.4 on Thursday, while the Shenzhen Component slumped 2.92% to 11,138.2, reversing gains from the previous session as quarterly earnings from technology companies failed to offset weakening global sentiment toward the sector. AI chipmaker Moore Threads Technology Co. tumbled as much as 13% despite an almost 1,800% annual surge in sales, while memory chipmaker Biwin Storage Technology Co. dropped 14% even as profit rose more than 500%. The selloff also mirrored broader weakness in global technology shares, as disappointing results from major industry players such as Samsung Electronics and Alphabet reignited concerns over hefty AI spending and lofty valuations. Investors are now looking ahead to earnings from Chinese technology hardware firms, including Zhongji Innolight and Victory Giant Technology. Cambricon Technologies (-4.70%), Zhongji Innolight (-8.53%) and Eoptolink Technology (-11.06%) all declined.
China's main stock market index, the SHANGHAI, fell to 3651 points on October 29, 2026, losing 0.82% from the previous session. Over the past month, the index has declined 4.96% and is down 8.41% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks this benchmark index from China. Historically, the China Shanghai Composite Stock Market Index reached an all time high of 6124.04 in October of 2007. China Shanghai Composite Stock Market Index - data, forecasts, historical chart - was last updated on October 29 of 2026.
China's main stock market index, the SHANGHAI, fell to 3651 points on October 29, 2026, losing 0.82% from the previous session. Over the past month, the index has declined 4.96% and is down 8.41% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks this benchmark index from China. The China Shanghai Composite Stock Market Index is expected to trade at 3623.28 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3347.27 in 12 months time.