TREE NEWS reports: The Shanghai Composite closed up 0.19% on Thursday after recovering from early losses, while the ChiNext Index fell 1.71% and the Shenzhen Component dropped 1.19%. PetroChina gained over 5% to its highest level since May 2008, leading oil and gas stocks higher. Robot-concept and gaming shares rallied, with several stocks hitting their daily limit, while PCB and computing-hardware names slumped. Total turnover across the Shanghai, Shenzhen and Beijing markets reached 1.62 trillion yuan.
Shanghai Composite Rises 0.19% as PetroChina Hits 18-Year High
AI take
The divergence is the story: a modest index gain masking a sharp growth-board selloff, with money rotating into oil and gas heavyweights and speculative robot and gaming themes rather than broad risk appetite. PetroChina's move to a level last seen in 2008 signals that large-cap energy is doing the index's heavy lifting while hardware and PCB names bleed. With turnover still elevated, the open question is whether this style split persists — defensive energy and thematic limit-up names holding the tape together while ChiNext absorbs the selling.
Generated by AI for reference only.
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