Shanghai Composite closes slightly higher amid concerns over China's economic slowdown

Macro
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Summary · why it matters

The Shanghai Composite Index closed only slightly higher today, amid concerns over China's economic outlook after gross domestic product expanded just 4.3 percent in the second quarter of 2026, the slowest growth rate since the fourth quarter of 2025 and below the government's full-year growth target range of 4.5 to 5 percent. The index closed at 3,867.03 points, up 2.67 points or 0.07 percent. Investors are watching the meeting of the Politburo Standing Committee of the Communist Party of China later this month, with top leaders expected to set the economic policy agenda for the remainder of the year. Technology stocks faced selling pressure, with Zhongji Innolight falling 6.66 percent and Eoptolink Technology plunging 7.79 percent, while energy stocks outperformed, with PetroChina surging 2.34 percent and CNOOC jumping 4.72 percent.

Impact on stocks 4

Others± Mixed · 4 stocks
CNOOC Limited
600938
▲ PositiveDemandrelevance

Energy stocks outperformed amid economic slowdown concerns, with CNOOC jumping 4.72%.

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