The Shangai Composite Index Closes 0.72% Higher

The Shangai Composite Index gained 1 points or 0.03 percent on Thursday to close at 4148 points. Gains were led by Sanan Optoelectron (3.92%), Avic Aviation Engine (2.66%) and Datang Intl (2.37%). Biggest losers were China Fortune (-4.00%), Anhui Conch Cement (-3.37%) and China Pacific Insu (-3.11%).

The Shanghai Composite inched down 0.01% to close at 4,147 on Thursday, ending a two-day rally as losses in new energy and metal stocks dragged on the broader market. The moves followed reports that the Trump administration plans to use a Pentagon-developed artificial intelligence program to help set reference prices for critical minerals. Among clean energy and metal shares, the biggest losers included Contemporary Amperex (-4.5%), Sungrow Power (-5.5%), China Northern Rare Earth (-2.2%), Zijin Mining (-0.7%) and CMOC Group (-1.8%). In contrast, technology shares extended their rebound for a second day, following Wall Street gains amid easing worries about an overheated AI trade. Notable winners included Victory Giant (+7.8%), Suzhou TFC Optical (+8%) and Range Intelligent Computing (+17.7%).

The Shangai Composite Index went up by 30 points or 0.72 percent on Wednesday to close at 4147 points. The rise was led by Inner Mongolia BaoTou Steel (10.15%), Anhui Conch Cement (5.74%) and Aluminum Corporation of China (4.40%). On the downside, the weakerst performers were China International (-3.83%), China Coal (-1.80%) and Huatai Securities (-1.68%).