China Stocks Hit 3-Week High

2026-08-07 02:18 By Czyrill Jean Coloma 1 min. read

The Shanghai Composite climbed 1.02% to close at 3,940 on Friday, while the Shenzhen Component advanced 1.42% to 14,311, with both indexes reaching their highest levels in three weeks as the latest trade data highlighted the country's resilient external sector.

Although export and import growth moderated in July, both remained robust amid solid global demand for AI-related technology products.

Exports jumped 23.9% year-on-year to USD 397.85 billion, while imports rose 27.5% to USD 285.35 billion.

As a result, China’s trade surplus widened to USD 112.5 billion from USD 97.7 billion a year earlier, surpassing market expectations.

Still, US-China trade tensions remained a concern after Beijing unveiled fresh retaliatory measures against Washington.

AI-related names such as Cambricon Technologies (2.72%), SMIC (3.38%), Hygon Information Technology (1.58%), and NAURA Technology (1.28%) gained.

Over the week, the Shanghai Composite climbed 2.81%, while the Shenzhen Component soared 5.39%.



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