Shanghai Composite closes higher as oil stocks rally 7 points

Published on 10/26/2026 at 13:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Shanghai Composite closes at 3,697 points after oil and banks offset tech losses; China industrial profits are due October 27 at 9:30 a.m. CST.

Oil and policy dates

Shanghai Composite ended October 26 at 3,697 points, up 7 points or 0.2 percent.
Oil and gas shares rose 2.4 percent as technology stocks weakened.
PetroChina gained 4.9 percent, while Shengyi Technology fell 9.5 percent.
China industrial profits are due October 27 at 9:30 a.m. CST.

Shanghai Composite, CNM000000019, Illustration mit AI erstellt.

The Shanghai Composite closed at 3,697.52 points on October 26, 2026, gaining 7 points or 0.2 percent, Xinhua reported. Oil and gas shares rose 2.4 percent, while technology stocks weakened ahead of major central-bank meetings.

PetroChina gained 4.9 percent after reaching an 18-year high, helping the index turn higher late in the session. Banking shares also advanced, while artificial-intelligence hardware and semiconductor stocks faced heavy selling, Reuters reported.

Why did the Shanghai Composite recover?

The index fell to 3,664.82 points before recovering near the close. Oil and gas shares gained 2.4 percent, and banks rose 1.8 percent. Component stocks dropped 6.8 percent, showing a sharp split between large value companies and technology names, Zhitong Finance reported.

Winners and losers in the Shanghai Composite

Winners and losers at the October 26 close were listed by Zhitong Finance:

CNOOC Services up 7.2 percent: Oilfield-service shares led the energy advance.
PetroChina up 4.9 percent: The stock reached an 18-year high.
Shengyi Technology down 9.5 percent: Electronic-component shares weakened.
Hengtong Optic-Electronics down 8.1 percent: Communications equipment stocks fell.

Technology losses offset oil and bank gains

Oilfield services rose 3.4 percent and petroleum and petrochemicals gained 2.4 percent. Telecommunications equipment fell 3.7 percent, while semiconductors declined 3.6 percent, 10jqka reported. More than 3,100 stocks fell across the market, while turnover reached 746.52 billion yuan.

What comes next for the Shanghai Composite

October 27, 2026, 9:30 a.m. CST: China releases September industrial-profit data, Sina Finance reports.
October 31, 2026, 9:30 a.m. CST: China publishes October manufacturing and nonmanufacturing purchasing managers' indexes; one estimate puts manufacturing PMI at 49.6, United Daily News reports.

Shanghai Composite price data for October 26, 2026

The Shanghai Composite closed at 3,697.52 points on October 26, 2026, RTHK reported. It gained 7 points, or 0.2 percent, versus the previous close of 3,690.48 points. The session low was 3,664.82 points.

Shanghai Composite by the numbers on October 26, 2026

Index: Shanghai Composite
Home exchange: Shanghai Stock Exchange, China
Close on October 26, 2026: 3,697.52 points
Change versus previous close of October 23, 2026: up 7 points (up 0.2 percent)
Previous close: 3,690.48 points
Day low: 3,664.82 points
Top gainer: CNOOC Services up 7.2 percent
Top loser: Shengyi Technology down 9.5 percent
Next scheduled event: October 27, 2026, 9:30 a.m. CST: China September industrial-profit data