Shanghai Composite closes 0.8 percent lower as tech sells
Published on 10/29/2026 at 13:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTechnology selling dominates Thursday
- The index closed at 3,651 points on October 29, down 30 points or 0.8 percent.
- Technology shares fell as the STAR 50 Index dropped 4.3 percent.
- Biwin Storage fell 15.8 percent, while China Shenhua gained 4.0 percent.
- China's October PMI reports are due October 30 at 9:30 p.m. CST.
The Shanghai Composite closed at 3,651 points on October 29, down 30 points or 0.8 percent, Xinhua reported. Technology selling dominated the session as the STAR 50 Index fell 4.3 percent, according to Economic Times.
Biwin Storage fell 15.8 percent as memory-chip shares weakened. The decline followed a broader retreat in computing hardware and semiconductor stocks, while bank and coal shares advanced.
Why is the Shanghai Composite down today?
The index opened lower and continued to decline through the session. Technology-heavy markets absorbed the strongest pressure, with communication equipment down 8.9 percent and semiconductors down 5.1 percent, according to Futunn.
The technology selloff outweighed strength in defensive and income-oriented sectors. Banks rose 2.0 percent as a group, while coal stocks gained 2.2 percent. The Federal Reserve's unchanged policy decision did not prevent the technology retreat, according to the Economic Times.
Winners and losers in the Shanghai Composite
Winners and losers at the October 29 close were listed by Futunn:
- China Shenhua up 4.0 percent: coal shares outperformed.
- Industrial and Commercial Bank of China up 2.6 percent: bank shares bucked the market decline.
- Biwin Storage down 15.8 percent: memory-chip shares weakened.
- Shengyi Technology down 8.2 percent: technology shares sold off.
Market breadth was weak. Across the Shanghai and Shenzhen exchanges, 789 stocks rose, 4,795 fell and 63 were unchanged. Turnover totaled 1.56 trillion yuan.
What comes next for the Shanghai Composite
- October 30, 2026, 9:30 p.m. CST: China's manufacturing and non-manufacturing purchasing managers' indexes are due, with forecasts of 50.1 and 50.5, RoboMacro reports.
- October 30, 2026: ICBC, China Construction Bank, Bank of China and other major lenders are scheduled to publish third-quarter results, according to Finimize.
Shanghai Composite price data for October 29, 2026
The Shanghai Composite closed at 3,651 points on October 29, Xinhua reported. It fell 30 points, or 0.8 percent, from the previous close.
Shanghai Composite by the numbers on October 29, 2026
- Index: Shanghai Composite
- Home exchange: Shanghai Stock Exchange, China
- Close on October 29, 2026: 3,651 points
- Change versus previous close: down 30 points (down 0.8 percent)
- Top gainer: China Shenhua up 4.0 percent
- Top loser: Biwin Storage down 15.8 percent
- Next scheduled event: October 30, 2026, 9:30 p.m. CST: China's manufacturing and non-manufacturing purchasing managers' indexes
