Shenzhen Component closes 1.63% higher at 11,010.68
Published on 11/02/2026 at 13:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSShenzhen Component rebounds on support hopes
- The index closed 1.63% higher at 11,010.68 points on November 2, 2026.
- Reports of possible regulatory support for stock buybacks helped improve market sentiment.
- Technology-linked and consumer sectors led gains, while several defensive and commodity groups lagged.
The Shenzhen Component ended Monday's session at 11,010.68 points, up 1.63% from the previous close. The dated closing figure was reported by Xinhua. The index gained 176.90 points from its October 30 close of 10,833.78, according to Bloomberg.
Policy expectations lift risk appetite
The rebound followed a sharp sell-off in the previous session and came as reports pointed to possible additional measures to stabilize Chinese equities. Trading Economics reported that regulators were considering discussions with major banks on expanding lending support for stock buybacks. The same report said a major state-owned bank planned to extend up to 200 billion yuan in additional loans to two state asset-management firms. These reports describe policy expectations rather than a confirmed completed intervention.
Trading activity also increased. Xinhua said turnover for stocks covered by the Shanghai Composite and Shenzhen Component reached about 1.8 trillion yuan, compared with 1.69 trillion yuan on the previous trading day. Higher turnover alongside the index rebound suggests that participation broadened during the recovery, but it does not by itself establish whether the move will persist.
Technology and consumer groups lead
Sector performance was uneven. Xinhua identified AI comic drama and gaming shares among the market's leaders, while precious metals, banking, coal, and oil and gas stocks posted losses. Trading Economics listed PetroChina, Kweichow Moutai, CATL, and BYD among notable gainers, with their respective advances ranging from 1.30% to 3.38%.
The broader backdrop remained mixed. Trading Economics reported that China's official manufacturing PMI declined to 49.3 in October from 50.1 in September, while the non-manufacturing PMI fell to 49.7 from 50.2. The data point to continuing economic pressure even as policy expectations supported Monday's risk appetite. For investors, the session therefore combined a strong technical rebound from a more than one-year low with unresolved questions about domestic demand and the durability of official support.
Further Shenzhen Component coverage is available on the index topic page.
