The Shangai Composite Index Closes 0.64% Lower

The Shangai Composite Index fell 26 points or 0.64 percent on Friday to close at 4072 points. Leading the losses are Sanan Optoelectron (-7.24%), Avic Aviation Engine (-5.64%) and Shanghai Electric (-4.74%). Top gainers were Huaneng (10.05%), China International (9.02%) and Datang Intl (7.25%).

The Shanghai Composite dropped 0.73% to close at 4,069 on Friday, while the Shenzhen Component fell 1.81% to 15,575, erasing earlier gains as investors turned cautious over renewed China-EU trade tensions. Beijing issued a stern warning ahead of talks on potential EU restrictions on Chinese exports, signaling that European goods such as French cosmetics, meat products, alcoholic beverages, and luxury items could face greater scrutiny. Separately, investors awaited formal approval from US President Donald Trump on the US-Iran agreement to extend the truce for 60 days to facilitate formal negotiations and further discussions over Iran’s nuclear program. Tech and semiconductor stocks led the declines, particularly Cambricon Technologies (-5.86%), SMIC (-8.97%), Hygon Information Technologies (-6.51%), Zhongji Innolight (-3.07%), Eoptolink Technology (-1.66%), and NAURA Technology (-4.42%). For the month, the Shanghai Composite lost 1.06%, while the Shenzhen Component advanced 3.1%.

The Shangai Composite Index rose 4 points or 0.10 percent on Thursday to close at 4098 points. Leading the gains are Huaneng (4.93%), China Fortune (4.92%) and Datang Intl (2.33%). Top losers were Aluminum Corporation of China (-4.81%), Jiangsu Hengrui (-4.29%) and Yonghui Superstore (-4.27%).