China Stocks Kick Off June Mixed
2026-06-01 02:10
By
Czyrill Jean Coloma
1 min. read
The Shanghai Composite fell 0.4% to 4,053 on Monday, its lowest level in over a month, while the Shenzhen Component rose 0.3% to 15,622, as investors weighed mixed PMI data amid concerns over weak domestic and external demand in the backdrop of the ongoing Middle East conflict.
Official data showed that Composite PMI rose to 50.5 in May from 50.1 in April, supported by a slight rebound in the non-manufacturing sector (50.1 vs 49.4), while the manufacturing PMI (50.0 vs 50.3) edged lower.
A private survey also showed the Manufacturing PMI slipped to 51.8 from April's five-year high of 52.2.
Firms continued to monitor developments in the Middle East conflict as they faced subdued demand and higher input costs linked to regional tensions.
Notable gainers included Foxconn Industrial Internet (2.6%), China Shenhua Energy (1.4%), and CATL (2.8%).
Meanwhile, technology stocks led the laggards, particularly Zhongji Innolight (-1.1%), NAURA Technology (-2.5%), and Eoptolink Technology (-1.1%).