The Shangai Composite Index Closes 0.69% Higher

The Shangai Composite Index gained 29 points or 0.69 percent on Wednesday to close at 4244 points. Gains were led by Datang Intl (10.00%), Shanghai Electric (7.77%) and Avic Aviation Engine (5.89%). Biggest losers were China Pacific Insu (-4.06%), Fuyao Glass Indu (-3.89%) and ICBC (-3.21%).

The Shanghai Composite rose 0.67% to close at 4,243 on Wednesday, while the Shenzhen Component climbed 1.67% to 16,090, erasing losses from the earlier session as investors geared up for the highly anticipated Trump–Xi summit. The high-stakes meeting will take place on May 14–15, with talks set to cover a broad range of sensitive issues. Trump has indicated that trade will remain the central focus of the discussions, tempering expectations that the Middle East conflict will dominate the agenda. Tech stocks were among the top gainers, including Cambricon Technologies (3.05%), Zhongji Innolight (3.07%), and Victory Giant Technology (3.19%). Other notable performers included Foxconn Industrial Internet (10%), Weichai Power (5.02%), and Suzhou TFC Optical Communication (10.44%). In contrast, livestock and agriculture stocks such as Muyuan Foods (-1.28%) and Wens Foodstuff Group (-2.08%) declined amid expectations of progress on US-China agricultural trade during the summit.

The Shangai Composite Index decreased 9 points or 0.22 percent on Tuesday to close at 4216 points. The decline was led by Shanghai Electric (-4.61%), Inner Mongolia BaoTou Steel (-3.82%) and Yonyou Soft (-3.80%). On the upside, the strongest performers were Datang Intl (10.02%), Jiangsu Hengrui (4.30%) and Sanan Optoelectron (3.62%).