The Shangai Composite Index Closes 1.41% Higher

The Shangai Composite Index went up by 57 points or 1.41 percent on Monday to close at 4123 points. The rise was led by Inner Mongolia BaoTou Steel (5.88%), China International (4.87%) and LONGi Green (4.47%).

The Shanghai Composite rose 1.41% to close at 4,123, while the Shenzhen Component gained 2.17% to 14,208 on Monday, recovering last week’s losses as dip buyers stepped in, with technology and mining stocks leading the rebound. Last week, tech shares had come under pressure amid concerns over heavy AI spending and potential disruption to traditional software business models. Top tech gainers on Monday included Suzhou TFC Optical (17.8%), Eoptolink Technology (7.8%), Zhongji Innolight (4.8%), BlueFocus Intelligent (5%) and Cambricon Technologies (4.8%). Resource-related firms also advanced as precious metals rebounded, with Zijin Mining up 3.9%, China Northern Rare Earth 5.6%, and Hunan Silver 10%. In corporate news, Montage Technology shares surged more than 50% in their Hong Kong debut following a share sale that raised $902 million.

The Shanghai Composite slipped 0.25% to close at 4,066, while the Shenzhen Component fell 0.33% to 13,907 on Friday, with mainland stocks extending losses for a second straight session as a global selloff in technology shares spilled into China. The tech rout has been driven by concerns over massive AI spending and the potential disruption of traditional software business models. Heightened volatility in metals and cryptocurrency markets further dampened risk appetite. Chinese tech stocks recorded sharp declines, including Zhongji Innolight (-3.9%), Eoptolink Technology (-5%), BlueFocus Intelligent (-0.8%), Leo Group (-4.1%), and Cambricon Technologies (-2%). In corporate news, disappointing sales data from BYD raised concerns about profit prospects across China’s electric vehicle sector amid slowing domestic demand and rising raw material costs. For the week, the Shanghai and Shenzhen indexes fell 1.27% and 2.11%, respectively.