The Shangai Composite Index Closes 1.45% Lower

The Shangai Composite Index went up by 28 points or 0.76 percent on Friday to close at 3686 points. The rise was led by Yonyou Soft (5.72%), BAIC BluePark (3.62%) and Foshan Haitian (3.11%). On the downside, the weakerst performers were Bank Of China (-4.02%), China Construction Bank (-3.34%) and Agricultural Bank of China (-3.24%).

The Shanghai Composite rose 0.89% to close at 3,690.5 on Friday, while the Shenzhen Component climbed 2.79% to 11,673.8, rebounding from a more than two-month low in the earlier session as increased state-backed ETF buying helped support both benchmarks. Turnover across nine ETFs favored by China’s national team reached CNY 60 billion ($8.99 billion), led by the E Fund ChiNext ETF, which attracted CNY 15 billion in inflows, its highest since July. The ETFs drew a combined net 46 billion yuan on Thursday, the most since the Liberation Day-triggered selloff in April 2025. Moreover, China have stepped up efforts to curb selling pressure and stabilize equity markets after the late-2024 stimulus-driven rally lost momentum. AI-related stocks also recovered as selling pressure eased, with Cambricon Technologies (5.46%), SMIC (4.01%), and Zhongji Innolight (3.82%) gaining. Despite Friday’s rebound, the Shanghai Composite fell 0.69% for the week, while the Shenzhen Component lost 1.09%.

The Shangai Composite Index fell 54 points or 1.45 percent on Thursday to close at 3659 points. Leading the losses are Zijin Mining (-3.36%), Jiangsu Hengrui (-3.27%) and Greenland Holdings (-3.03%).