Stocks in China Hit 6-week High

The Shanghai Composite edged up by 0.1% to 4,110 on Thursday, remaining at its strongest level in over a month, while the Shenzhen Composite rose 0.3% to 15,167, as fresh PMI data signaled China's resilience despite mounting external pressures. Official data showed that the manufacturing PMI edged down to 50.3 in April from 50.4 in March, but still exceeded market expectations of 50.1 and remained in expansion territory for a second consecutive month. Further supporting the positive outlook, RatingDog showed that the manufacturing PMI climbed to 52.2 in April from 50.8 in the previous month, beating forecasts of 51 and reaching its highest level since December 2020. China’s strategic petroleum reserves and sustained investments in renewable energy are helping to cushion the broader economy from external shocks driven by conflict in the Middle East. On the corporate front, NAURA Technology climbed 3.2% after reporting strong increases in Q1 revenue and net profit.

SHANGHAI increased to 4115.00 Index Points, the highest since March 2026. Over the past 4 weeks, Shanghai Stock Exchange Composite Index gained 5.67%, and in the last 12 months, it increased 24.02%.

CSI 300 increased to 4824.00 Index Points, the highest since January 2026. Over the past 4 weeks, Shanghai Shenzhen CSI 300 Index gained 7.29%, and in the last 12 months, it increased 27.82%.