Stocks in China Hit 7-week High

The Shangai Composite Index fell 7 points or 0.17 percent on Tuesday to close at 3980 points. Leading the losses are China Coal (-4.94%), Shaanxi Coal (-3.16%) and Poly Real Estate (-1.41%). Top gainers were Yonghui Superstore (6.17%), Shanghai International Port (5.70%) and China Pacific Insu (3.59%).

SHANGHAI increased to 3994.00 Index Points, the highest since July 2026. Over the past 4 weeks, Shanghai Stock Exchange Composite Index gained 4.8%, and in the last 12 months, it increased 3.48%.

The Shanghai Composite fell 0.16% to close at 3,979.9 on Tuesday, while the Shenzhen Component lost 1.02% on the first trading day of September, as escalating tensions in the Middle East overshadowed improving signals from China's manufacturing sector. The US and Iran exchanged strikes for the first time in nearly a month, with American forces targeting an island in the Strait of Hormuz and Iran retaliating with attacks on the UAE and Jordan. The latest hostilities clouded the outlook for restoring normal shipping operations through the strategic waterway. On the domestic front, a private survey showed China's manufacturing PMI rose to 51.5 in August from a four-month low of 50.9 in July, exceeding forecasts of 51.0. This followed official data showing the manufacturing PMI increased to 49.8 from 49.2, also surpassing market expectations of 49.7. Notable decliners included Foxconn Industrial Internet (-2.93%), SMIC (-2.01%), CATL (-1.50%), and NAURA Technology (-4.59%).