The Shangai Composite Index Closes 0.52% Higher

The Shangai Composite Index went up by 22 points or 0.52 percent on Monday to close at 4185 points. The rise was led by Shanghai Petrochemical (10.09%), Petrochina (10.04%) and Sinopec (8.98%). On the downside, the weakerst performers were China Fortune (-5.29%), Yonyou Soft (-3.59%) and Air China (-3.57%).

The Shanghai Composite rose 0.47% to 4,183 on Monday, closing at its highest levels in over a decade as investors prepared for this week’s annual parliamentary meeting, where policymakers are expected to set economic targets and outline policy priorities. China’s annual “Two Sessions” will convene from March 4 to around March 11, during which the government is also expected to release its 15th Five-Year Plan detailing objectives for 2026–2030. Meanwhile, the tech-heavy Shenzhen Component fell 0.2% to 14,466, trimming last week’s gains and following a global selloff in risk assets amid escalating Middle East tensions. The US and Israel carried out military strikes on Iran over the weekend that resulted in the death of Iran’s Supreme Leader, Ayatollah Ali Khamenei, and the effective closure of the Strait of Hormuz. In corporate news, the chairman of Chinese liquor giant Wuliangye Yibin was placed under detention, though no details about the case were provided.

SHANGHAI increased to 4168.00 Index Points, the highest since January 2026. Over the past 4 weeks, Shanghai Stock Exchange Composite Index gained 2.36%, and in the last 12 months, it increased 25.53%.