The Shangai Composite Index Closes 0.32% Lower

The Shangai Composite Index fell 13 points or 0.32 percent on Friday to close at 4080 points. Leading the losses are Datang Intl (-3.09%), Hengli Petrochemical (-2.90%) and Avic Aviation Engine (-2.56%). Top gainers were Kweichow Moutai (2.04%), Aluminum Corporation of China (1.34%) and Shaanxi Coal (0.77%).

The Shanghai Composite Index fell 0.33% to close at 4,080 on Friday, while the Shenzhen Component Index dropped 0.69% to 14,940, as fading hopes for a swift resolution to Middle East tensions weighed on sentiment. President Trump’s reported order authorising naval forces to “shoot and kill” vessels allegedly laying mines in the Strait of Hormuz pushed oil prices higher again, stoking global inflation concerns. Chinese exporters are seen raising prices as several consumer goods posted sharp annual increases in March. Investor sentiment was further dampened by White House accusations that China engaged in large-scale intellectual property theft from US AI labs, adding friction ahead of a planned leaders’ summit next month. In corporate news, DeepSeek released a preview of its highly anticipated V4 model. Meanwhile, Eoptolink Technology slumped 11.67% despite solid Q1 earnings results. Despite Friday’s losses, the Shanghai Composite still rose 0.7%, and the Shenzhen Component added 0.37%.

The Shangai Composite Index dropped 13 points or 0.32 percent on Thursday to close at 4093 points. Losses were led by Inner Mongolia BaoTou Steel (-4.48%), China Molybdenum (-3.68%) and Zijin Mining (-3.12%). Offsetting the fall, top gainers were China Coal (5.24%), Sanan Optoelectron (4.15%) and Avic Aviation Engine (3.48%).