Stocks in China Hit 10-year High

The Shangai Composite Index fell 31 points or 0.77 percent on Friday to close at 4026 points. Leading the losses are Datang Intl (-9.31%), Zhejiang Zheneng (-4.17%) and Huaneng (-4.00%). Top gainers were Shanghai Petrochemical (4.73%), China International (3.71%) and Sany Heavy Industry (2.81%).

SHANGHAI 50 decreased to 2881.00 Index Points, the lowest since April 2026. Over the past 4 weeks, Shanghai 50 lost 4.75%, and in the last 12 months, it increased 7.21%.

The Shanghai Composite fell 0.74% to close at 4,028 on Friday, its lowest level since mid-April, while the Shenzhen Component tumbled 2.21% to 15,315, pressured by weakness in heavyweight technology stocks. Among the biggest decliners were Zhongji Innolight (-7.81%), Eoptolink Technology (-3.60%), NAURA Technology (-3.77%), Cambricon Technologies (-4.39%), and Hygon Information Technology (-4.10%), as an underwhelming AI outlook from Broadcom dampened sentiment toward the sector. Market sentiment was also weighed down by renewed tensions in the Middle East after Tehran launched strikes on Kuwait and US forces conducted military operations near the Strait of Hormuz, even as Israel and Lebanon reached a ceasefire agreement. For the week, the Shanghai Composite declined 1%, marking its fourth consecutive weekly loss, while the Shenzhen Component shed 1.67% for a second straight week of declines.