Shanghai Composite closes 0.4 percent lower as AI video surges
Published on 10/12/2026 at 13:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- The Shanghai Composite closed at 3,797 points on October 12, down 17 points or 0.4 percent.
- A U.S. patent investigation and high global yields weighed on Chinese stocks.
- Zenkung rose 13.9 percent, while Sichuan Gold fell 7.1 percent.
- China releases September CPI and PPI on October 14 at 9:30 a.m. CST.
The Shanghai Composite closed down 17 points, or 0.4 percent, at 3,797 points on October 12. Chinese stocks faced selling pressure after news of a U.S. patent investigation, while more than 4,300 stocks fell, Xinhua reports.
AI video shares moved against the broader market. Bona Film Group rose 10.0 percent as film and media stocks rallied after ByteDance's PineDrama surpassed 100 million downloads, Futunn reports.
Why did the Shanghai Composite fall on October 12?
The index opened at 3,807 points, down 0.2 percent, before ending at 3,797 points, China Daily reports. A report on a U.S. patent investigation added pressure to technology-related shares, according to Aju Press.
Precious-metals and energy-metals shares weakened. Lithium carbonate futures fell 8.4 percent intraday to 107,700 yuan per tonne, SMM reports.
Winners and losers in the Shanghai Composite
- Zenkung up 13.9 percent.
- H&R Century Union up 10.1 percent.
- Bona Film Group up 10.0 percent on the film and media rally, Futunn reports.
- Sichuan Gold down 7.1 percent.
- Chengxin Lithium Group down 7.0 percent.
Film, television, culture and media shares led gains. Precious metals, agriculture and forestry, and transgenic technology recorded the weakest sector performance, Xinhua reports.
China inflation data is next for the Shanghai Composite
The next Shanghai session starts on October 13 at 9:30 a.m. CST. The Shanghai Stock Exchange's regular schedule includes morning and afternoon trading, Kagels Trading reports.
- October 13, 9:30 a.m. CST: Shanghai trading resumes.
- October 14, 9:30 a.m. CST: China releases September consumer price index and producer price index data; August CPI rose 0.8 percent and PPI rose 3.8 percent, Admiral Markets reports.
