The Shangai Composite Index Closes 0.52% Higher

The Shanghai Composite slipped 0.2% to 4,098 on Thursday, while the Shenzhen Composite lost 0.4% to 15,117, with both benchmarks retreating after recently hitting a one-month high and a more-than-four-year peak, respectively, as investors grappled with a lack of fresh market catalysts and persistent geopolitical uncertainty. Tensions in the Middle East remained a key overhang, with Iran restricting most international shipping through the Strait of Hormuz. Reports indicate that its forces fired on commercial vessels on Wednesday, while the US continues to enforce a blockade on ships linked to Iranian ports. Market attention has also turned to the April 27–30 session of the National People’s Congress Standing Committee, where lawmakers will review draft revisions to the Prison Law and consider other legislative changes. Significant losses were seen in Zijin Mining Group (-2.5%), BYD (-2.2%), Suzhou TFC Optical Communication (-4.6%), and Muyuan Foods (-3%).

The Shangai Composite Index went up by 21 points or 0.52 percent on Wednesday to close at 4106 points. The rise was led by Sanan Optoelectron (10.01%), Huatai Securities (2.16%) and CITIC Securities (1.33%). On the downside, the weakerst performers were Greenland Holdings (-4.79%), China United Network (-3.22%) and Hengli Petrochemical (-2.61%).

The Shanghai Composite rose 0.52% to close at 4,106 on Wednesday, hitting a fresh one-month high, while the Shenzhen Component climbed 1.3% to 15,177, its strongest level since December 2021, as China remained relatively resilient to geopolitical tensions in the Middle East. While US President Trump extended a temporary ceasefire, prospects for a lasting resolution remained uncertain after Iran declined further talks. Despite this, Beijing’s strong energy security, backed by reserves, diversified imports, and growing renewables, has helped limit risks from potential disruptions. Technology stocks led the gains, with strong performances from Hygon Information Technology (2.63%), Zhongji Innolight (2.52%), Eoptolink Technology (7.64%), and NAURA Technology (6.13%). In contrast, Contemporary Amperex Technology declined 2.51% after Sinopec sold approximately $768.5 million worth of its shares through an accelerated bookbuild.