The Shangai Composite Index Closes 0.63% Higher

The Shangai Composite Index gained 25 points or 0.63 percent on Friday to close at 3914 points. Gains were led by Foshan Haitian (7.79%), Jiangsu Hengrui (6.70%) and Sh Fosun Pharma (3.28%). Biggest losers were Haier Smart Home (-3.38%), Sanan Optoelectron (-2.94%) and GD Power Development (-1.96%).

The Shanghai Composite rose 0.6% to close around 3,914, while the Shenzhen Component gained 1.1% to 13,760 on Friday, buoyed by upbeat economic data. However, both benchmarks slipped over the week, falling 1.1% and 0.8%, respectively, as lingering uncertainty over the Middle East conflict weighed on investor sentiment. While President Donald Trump extended the Iran negotiations deadline by 10 days, reports that the US may deploy up to 10,000 additional troops to the region further weighed on risk appetite. Markets also tracked upcoming US–China diplomatic engagement, with Trump expected to meet Xi Jinping in May after delays linked to the conflict. Meanwhile, the latest data showed China’s industrial profits jumped 15.2% year-on-year in January–February, pointing to improving factory earnings despite external headwinds. Among individual stocks, notable gains were seen in PetroChina (1.1%), Kweichow Moutai (1.1%), Zijin Mining (1.2%), Contemporary Amperex (3.4%), and BYD (2.1%).

The Shangai Composite Index decreased -42 points or 1.07 percent on Thursday to close at 3890 points. The decline was led by Sanan Optoelectron (-7.52%), China Life Insurance (-4.84%) and New China Life (-4.40%).