The Shangai Composite Index Closes 0.56% Higher

The Shangai Composite Index rose 23 points or 0.56 percent on Tuesday to close at 4097 points. Leading the gains are Avic Aviation Engine (2.68%), Avic Shenyang Aircraft (2.67%) and LONGi Green (2.42%). Top losers were Hengli Petrochemical (-6.35%), China Coal (-5.08%) and Aluminum Corporation of China (-4.10%).

The Shanghai Composite rose 0.5% to close at 4,094 on Tuesday, while the Shenzhen Component climbed 2.48% to 16,206, as stronger-than-expected PMI data reinforced optimism about China's economic health. Official data showed that the Composite PMI edged up to a six-month high of 50.6 in June from 50.5 in May. The Manufacturing PMI rose to 50.3 from 50.0, beating forecasts of 50.1, supported by robust demand for high-tech exports, which helped cushion trade disruptions linked to tensions in the Middle East. Meanwhile, the Non-Manufacturing PMI ticked higher to 50.2 from 50.1, defying expectations of 49.9 and signaling continued stabilization in the sector. Technology stocks outperformed as investors returned to AI-related names. Among the top gainers were Cambricon Technologies (7.66%), Zhongji Innolight (4.10%), Eoptolink Technology (8.98%), and NAURA Technology (2.83%). For June, the Shanghai Composite gained 0.63%, while the Shenzhen Component surged 4.05%.

The Shangai Composite Index gained 48 points or 1.19 percent on Monday to close at 4075 points. Gains were led by Jiangsu Hengrui (8.18%), Sh Fosun Pharma (6.65%) and Guangzhou Baiy (3.95%).