The Shangai Composite Index Closes 1.43% Higher

The Shangai Composite Index gained 56 points or 1.43 percent on Monday to close at 3983 points. Gains were led by Sanan Optoelectron (3.76%), China Molybdenum (3.31%) and Aluminum Corporation of China (3.02%).

The Shanghai Composite climbed 1.41% to close at 3,982.7 on Monday, while the Shenzhen Component jumped 2.44% to 14,704.3, both reaching their highest levels in more than a month as technology stocks staged strong gains. Cambricon Technologies (5.76%), Zhongji Innolight (6.15%), Eoptolink Technology (4.15%), NAURA Technology (3.7%), SMIC (2.93%), and Hygon Information Technology (2.78%) were among the top performers after SMIC reported that its Q2 profit more than tripled from a year earlier, while Hygon Information Technology posted solid growth in revenue, net profit, and R&D spending. Meanwhile, a fresh batch of economic data underscored a sluggish start to the second half of the year, with fixed-asset investment, industrial output, and retail sales all missing forecasts. The NBS said economic activity had remained "generally stable" this year but warned that the external environment remains "complicated and volatile" while domestic demand continues to lack momentum.

The Shangai Composite Index rose 3 points or 0.07 percent on Friday to close at 3930 points. Leading the gains are Fuyao Glass Indu (2.66%), Avic Aviation Engine (1.63%) and Baosteel (1.41%). Top losers were Datang Intl (-6.21%), Greenland Holdings (-3.05%) and Yonghui Superstore (-2.44%).