Shanghai Composite closes 0.9 percent higher as Cambricon leads

The Shanghai Composite closed at 3,690 points on October 23, up 32 points, or 0.9 percent, as Chinese shares recovered from early losses. State-backed ETF buying helped support the rebound, with turnover across nine favored ETFs reaching CNY60 billion, Trading Economics reports.

Dazhihui rose 10.0 percent and led the strongest Shanghai-listed movers as information-technology stocks recovered. The advance followed a sharp selloff in AI-linked shares and came despite continued concern about global technology valuations and Middle East tensions, Minkabu reports.

Why did the Shanghai Composite rebound?

The benchmark initially opened at 3,624 points, down 0.9 percent, after the previous session's technology-led losses. It later recovered as buying emerged after the index reached its lowest level in more than a year. Robotics, non-bank financial companies and information technology led the recovery, while the broader market finished with stronger participation, Xinhua reports.

Shanghai Composite winners and losers

These movers were reported for the October 23 Shanghai session by Minkabu:

• Dazhihui up 10.0 percent: information-technology shares led the rebound.
• Yonyou Network up 6.1 percent: software shares strengthened.
• GoldenCode Technology up 5.4 percent: information-technology buying supported the stock.
• Huaneng Power International down 2.8 percent: power stocks lagged.
• Fujian Funeng down 2.8 percent: the power sector weakened.
• Guiguan Electric Power down 2.1 percent: utility shares remained under pressure.

Course of the Shanghai Composite

The index opened at 3,624 points and briefly traded below 3,600 points before reversing higher. It finished 32 points above the previous close of 3,658 points. The recovery was part of a broader move across mainland China, with the Shenzhen Component rising 2.8 percent, Associated Press reports.

What comes next for the Shanghai Composite

• October 26, 2026: Revisions to SSE series indices take effect, with constituent-weight changes and removals of ST-listed stocks potentially prompting passive-fund rebalancing, Futunn reports.
• October 26, 2026: The fifth plenary session of the 20th Communist Party Central Committee begins in Beijing, Onvista reports.
• October 27, 2026, 9:30 a.m. CST: China is scheduled to publish September industrial-profit data, with the prior year-to-date reading at 15.7 percent, Trading Economics reports.

Shanghai Composite price data for October 23, 2026

The Shanghai Composite closed at 3,690 points on October 23, up 32 points, or 0.9 percent, versus the previous close of 3,658 points, Xinhua reports. The index opened at 3,624 points and traded below 3,600 points during the session.

More market reports and analysis on the Shanghai Composite