The Shangai Composite Index Closes 0.04% Higher

The Shangai Composite Index gained 1 points or 0.04 percent on Monday to close at 3692 points. Gains were led by Poly Real Estate (5.43%), Petrochina (4.94%) and Sh Pharmaceutical (4.08%). Biggest losers were Aisino (-6.37%), Zijin Mining (-4.41%) and China Molybdenum (-3.51%).

The Shanghai Composite rose 0.19% to close at 3,697.5 on Monday, while the Shenzhen Component fell 1.19% to 11,534.4, as investors braced for a busy week of corporate earnings, with results from AI-linked firms in focus alongside developments at the Fifth Plenum. Chinese technology companies, including Eoptolink Technology Inc. and GigaDevice Semiconductor, will be closely watched for signs that earnings can justify the massive investments pouring into AI. SMIC (-1.28%), Hygon Information Technology (-1.54%), Zhongji Innolight (-2.96%) and Eoptolink Technology (-3.57%) were among the biggest laggards. Meanwhile, earnings from BYD Co., Air China Ltd. and Kweichow Moutai Co. will also offer clues on whether domestic consumption can help support growth as the economy remains heavily reliant on exports. Investors are also focused on the Fifth Plenum, running from Monday through Thursday, where President Xi Jinping opened the meeting and called for firm governance measures.

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%).