The Shangai Composite Index Closes 0.30% Higher

The Shangai Composite Index dropped 17 points or 0.43 percent on Thursday to close at 3934 points. Losses were led by Jiangsu Hengrui (-4.00%), Hengli Petrochemical (-3.61%) and BAIC BluePark (-2.63%). Offsetting the fall, top gainers were Datang Intl (3.26%), Bank Of Nanjing (3.08%) and SAIC Motor (2.29%).

The Shanghai Composite fell 0.43% to close at 3,934.4 on Thursday, while the Shenzhen Component dropped 0.77% to 13,617.7, tracking losses across Asian markets as surging oil prices fueled inflation concerns. Crude oil prices remained elevated after Iran signaled readiness for a more intense conflict, while US President Donald Trump ruled out a quick end to the war, saying it was unlikely to conclude before the November midterm elections. Domestically, investors are seeing signs of rising inflationary pressures, with annual consumer inflation accelerating in August as higher food and energy prices pushed up costs. The pickup in inflation reflected renewed concerns over potential supply disruptions through the Strait of Hormuz amid escalating tensions between the US and Iran. Among the biggest decliners, Foxconn Industrial Internet fell 2.04%, Ping An Insurance lost 1.32%, Zhongji Innolight dropped 2.07%, and BYD slid 2.75%.

The Shangai Composite Index went up by 12 points or 0.30 percent on Wednesday to close at 3953 points. The rise was led by Jiangsu Lianyungang (5.47%), Datang Intl (3.55%) and Shaanxi Coal (3.27%). On the downside, the weakerst performers were Yonyou Soft (-2.71%), Jiangsu Hengrui (-2.23%) and Kangmei Pharma (-2.07%).