Shanghai Composite rises 0.6%, Shenzhen Component gains 0.7%

  • Shanghai Composite and Shenzhen Component advanced on Friday.
  • Shanghai Composite reached 3,966, while Shenzhen Component climbed to 13,716.
  • Technology stocks led gains as investors awaited trade and inflation data.

Chinese equities advanced on Friday, with the Shanghai Composite rising 0.6% to 3,966 and the Shenzhen Component gaining 0.7% to 13,716. Both benchmarks remained on track for mixed weekly performances as investors awaited trade and inflation data for further clues about the strength of China’s recovery. Technology stocks led the gains, while market participants weighed improving PMI (purchasing managers’ index) surveys against persistent concerns about domestic demand and the broader growth outlook.

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Shanghai Composite rises 0.6%, Shenzhen Component gains 0.7% - CoinPost Terminal