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Shanghai stocks slip on weak PMI and tech losses
(01-Jun-2026, 17:23 Hours IST)  
Chinese markets ended lower on Monday as investors weighed mixed PMI data and ongoing geopolitical tensions. The Shanghai Composite fell 0.27% to 4,058, its lowest in over a month, while the Shenzhen Component dropped 1.51% to 15,340.

Official figures showed the Composite PMI edged up to 50.5 in May from 50.1 in April, helped by a rebound in the non‑manufacturing sector (50.1 vs. 49.4). However, manufacturing PMI slipped to 50.0 from 50.3. A private survey also reported a decline, with the manufacturing PMI easing to 51.8 from April's five‑year high of 52.2.

Technology stocks dragged both indices amid profit‑taking. Notable decliners included Cambricon Technologies (-1.47%), SMIC (-3.19%), Zhongji Innolight (-2.21%), Eoptolink Technology (-4.18%), and NAURA Technology (-3.89%).

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Monday, June 01, 2026 12:00:00 AM
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Bajaj Finance888.95comprofit(-1.74)%
      
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TCS2297.95comprofit(1.95)%
      
Tech Mahindra1543.75comprofit(4.08)%
      
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