The Shangai Composite Index Closes 1.00% Higher

The Shangai Composite Index rose 39 points or 1.00 percent on Friday to close at 3914 points. Leading the gains are Greenland Holdings (9.85%), Poly Real Estate (5.56%) and China Fortune (2.80%). Top losers were Ningbo Port (-2.56%), China Minsheng Bank (-2.25%) and Huayu Automotive (-1.78%).

The Shanghai Composite rose 0.94% to close at 3,911.9 on Friday, while the Shenzhen Component advanced 1.72% to 13,640.9, rebounding from the previous session as investors closely monitored upcoming high-level US-China talks. US Treasury Secretary Scott Bessent is scheduled to meet Chinese Vice Premier He Lifeng this weekend for final preparatory talks ahead of the highly anticipated September 24 Trump-Xi summit. AI competition and China’s access to advanced US chips are expected to be key topics at the summit, while investors await a possible extension of the trade truce set to expire in November. Similarly, reports suggested the US is likely to postpone any new tariff announcements on China and other trading partners until after next week's summit. Tech stocks led the advance, including SMIC (2.85%), Hygon Information Technology (4.04%), Zhongji Innolight (3.40%), and NAURA Technology (3.16%). Over the week, the Shanghai Composite rose 0.61%, while the Shenzhen Component added 1.26%.

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%).