China Stocks Rise, Still Set for Monthly Loss
2026-03-31 02:36
By
Czyrill Jean Coloma
1 min. read
The Shanghai Composite rose 0.5% to 3,941, while the Shenzhen Component gained 0.4% to 13,769 on Tuesday, lifted by upbeat PMI data signaling economic resilience despite ongoing Middle East uncertainties.
Official data showed the composite PMI returned to expansion at a three-month high of 50.5 in March 2026, as the manufacturing PMI climbed to a one-year high of 50.4, while the non-manufacturing PMI rose to 50.1.
The recent figures suggest renewed growth across both sectors, supported by government stimulus, strong holiday spending, and solid exports.
While the economy remains exposed to external risks, particularly escalating Middle East tensions, Chinese stocks have outperformed many global peers since the Iran conflict began.
Notable gainers included PetroChina (3.1%), Industrial and Commercial Bank of China (2.3%), BYD (1.2%), and Midea Group (6.6%).
Over the month, both benchmark indices remain on track for a monthly decline.