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Market Commentary - Foreign Markets
China stock market close the week on a positive note
07-Aug-2026, 03:18
Chinese equity markets rose on Friday, with the Shanghai Composite up 1.02% to 3,940 and the Shenzhen Component up 1.42% to 14,311, marking their highest points in three weeks.
Chinese equity markets rose on Friday, with the Shanghai Composite up 1.02% to 3,940 and the Shenzhen Component up 1.42% to 14,311, marking their highest points in three weeks.
Investor sentiment was boosted by strong trade data, showing China’s external sector remains resilient. Exports grew 23.9% year-on-year to USD 397.85 billion, while imports increased 27.5% to USD 285.35 billion, resulting in a trade surplus of USD 112.5 billion. Technology stocks, especially those related to AI, were notable contributors to the market's rise. For the week, the Shanghai Composite gained 2.81% and the Shenzhen Component up 5.39%, despite geopolitical concerns.