The Shangai Composite Index Closes 0.46% Higher

The Shanghai Composite slipped 0.2% to 4,067 on Wednesday, while the Shenzhen Component extended its previous-session advance, rising 1.3% to 15,797, with the benchmarks moving in opposite directions as investors weighed mixed PMI readings pointing to fragile economic momentum. A private survey showed China's Composite PMI rose to a three-month high of 54.0 in May, with the services PMI also reaching a three-month peak of 54.4, albeit the manufacturing PMI fell to 51.8 from April's five-year high of 52.2. Caution lingered after official data showed the Composite PMI edged up to 50.5 from 50.1, supported by a modest rebound in non-manufacturing activity, but the manufacturing PMI slipped to 50.0 from 50.3. Among individual stocks, PetroChina (-1.5%), China Shenhua Energy (-1.6%), and China Life Insurance (-1.0%) led the losses. Meanwhile, technology stocks continued to outperform, with Zhongji Innolight (2.4%), Eoptolink Technology (1.7%), and Huagong Tech (3.2%) posting solid gains.

The Shangai Composite Index rose 19 points or 0.46 percent on Tuesday to close at 4076 points. Leading the gains are Datang Intl (8.36%), China Molybdenum (6.57%) and Aluminum Corporation of China (4.78%). Top losers were Huaneng (-6.86%), Zhejiang Zheneng (-4.48%) and China International (-3.03%).

The Shanghai Composite rose 0.43% to close at 4,075 on Tuesday, while the Shenzhen Component advanced 1.63% to 15,591, with both benchmarks rebounding from one-month lows as technology stocks led the recovery. Gains were driven by strong performances from AI-related names, including Cambricon Technologies (5.57%), Hygon Information Technology (3.29%), Zhongji Innolight (5.58%), Eoptolink Technology (9.53%), and NAURA Technology (2.49%), as China seeks to position itself at the center of the next wave of AI development, while a growing number of robotics firms preparing for initial public offerings reinforced optimism toward the country's technology sector. Meanwhile, conflicting remarks from US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu regarding recent discussions on the conflict in Lebanon underscored the uncertainty surrounding negotiations, adding to concerns about the broader geopolitical outlook as it entered its fourth month.