The Shangai Composite Index Closes 0.41% Lower

The Shangai Composite Index dropped 16 points or 0.41 percent on Thursday to close at 3876 points. Losses were led by Zijin Mining (-3.95%), China Molybdenum (-3.03%) and China Coal (-2.03%). Offsetting the fall, top gainers were Power Construction Corporation of China (2.43%), Greenland Holdings (2.34%) and Inner Mongolia Yili Industrial Group (1.38%).

The Shanghai Composite slipped 0.41% to close at 3,875.6 on Thursday, while the Shenzhen Component fell 0.33% to 13,409.9, reversing gains from the previous session as investors turned cautious ahead of high-level US-China talks. US Treasury Secretary Scott Bessent is set to meet Chinese Vice Premier He Lifeng this weekend for final preparatory discussions before the September 24 summit between Presidents Donald Trump and Xi Jinping in the US. While the upcoming meetings are expected to help improve relations between the world’s two largest economies, investors remained cautious amid lingering uncertainties over tariffs, sanctions and geopolitical tensions, including those involving Taiwan and the Middle East. Energy stocks were also among the top laggards, including PetroChina (-1.67%), CNOOC (-2.39%) and Sinopec (-1.54%). In contrast, BYD climbed 1.2% after reports that Chinese officials may include the automaker in Xi Jinping’s business delegation for his summit with Trump.

The Shangai Composite Index went up by 29 points or 0.76 percent on Wednesday to close at 3894 points. The rise was led by Sanan Optoelectron (2.57%), Inner Mongolia BaoTou Steel (1.90%) and Zijin Mining (1.45%). On the downside, the weakerst performers were Sany Heavy Industry (-7.13%), Petrochina (-2.79%) and Great Wall Motor (-2.40%).