The Shangai Composite Index Closes 0.29% Lower

The Shangai Composite Index gained 3 points or 0.07 percent on Monday to close at 3933 points. Gains were led by Yonghui Superstore (4.11%), Sh Fosun Pharma (1.34%) and Shanghai Electric (1.06%). Biggest losers were China Coal (-4.41%), Hengli Petrochemical (-4.15%) and China Shenhua Engy (-3.34%).

The Shanghai Composite closed nearly flat at 3,932.7 on Monday, while the Shenzhen Component climbed 1.91% to 13,774.9, led by gains in technology shares. The technology rally mirrored strong gains in US tech stocks on Friday, with enthusiasm over OpenAI's newest AI model lifting global sentiment toward chipmakers and AI-related companies. Notable gainers included Cambricon Technologies (1.90%), SMIC (2.46%), Zhongji Innolight (10.38%), Eoptolink Technology (8.08%) and NAURA Technology (3.52%). Meanwhile, China is injecting CNY 300 billion ($45 billion) into its largest banks and insurers as part of the country's biggest financial-sector recapitalization in nearly two decades, aimed at strengthening balance sheets and supporting credit growth amid a slowing economy. Investors now turned their attention to key economic data due later this week, particularly trade and inflation figures.

The Shangai Composite Index fell 12 points or 0.29 percent on Friday to close at 3931 points. Leading the losses are Sanan Optoelectron (-4.68%), Aluminum Corporation of China (-1.63%) and Shanghai International Port (-1.45%). Top gainers were Poly Real Estate (3.54%), Yonyou Soft (3.23%) and Kweichow Moutai (2.62%).