The Shangai Composite Index Closes 0.47% Higher

The Shangai Composite Index rose 0.1 points or 0.00 percent on Friday to close at 4180 points. Leading the gains are Datang Intl (9.92%), Air China (3.85%) and Avic Aviation Engine (3.66%). Top losers were China Fortune (-5.17%), China Coal (-2.57%) and Sany Heavy Industry (-2.43%).

The Shanghai Composite was flat, closing at a two-month high of 4,180 on Friday, while the Shenzhen Component retreated 0.5% to 15,564 as investors turned cautious amid renewed US–Iran tensions and uncertainty ahead of a Trump–Xi summit next week. Reports said three US Navy destroyers transiting the Strait of Hormuz intercepted Iranian attacks and carried out retaliatory strikes, raising concerns over regional stability and potential disruptions to global energy supplies. Attention also remained on the upcoming meeting between US President Donald Trump and Chinese President Xi Jinping in Beijing on May 14–15. While the White House is reportedly continuing preparations for the visit, sources indicated that Chinese officials are increasingly wary of proceeding with the talks before the US-Iran situation stabilizes. Despite the mixed performance, the Shanghai Composite rose 1.65% and the Shenzhen Component gained 3.02%, marking a fifth straight week of gains for both benchmarks.

The Shangai Composite Index gained 20 points or 0.47 percent on Thursday to close at 4180 points. Gains were led by Datang Intl (10.04%), Power Construction Corporation of China (5.86%) and Sanan Optoelectron (3.34%). Biggest losers were China Coal (-8.09%), Shaanxi Coal (-7.18%) and Petrochina (-5.30%).