Shanghai Composite closes 0.67% lower at 3,655.83 points

The Shanghai Composite closed lower on Thursday, November 12, 2026, as weakness in growth-oriented stocks outweighed gains in selected defensive and consumer-related sectors. The index finished at 3,655.83 points, down 0.67 percent from Wednesday's close of 3,680.64.

The closing level and daily change were reported by Xinhua. The Shenzhen Component Index fell 1.68 percent to 11,197.98 points, while the ChiNext Index, which tracks growth companies, lost 2.44 percent to 2,509.43 points. Combined turnover for stocks covered by the Shanghai and Shenzhen benchmarks rose to about 1.93 trillion yuan from 1.68 trillion yuan on the previous trading day.

Growth stocks come under pressure

Market breadth was weak. Xinhua said media, machinery and electronic information shares led the declines, while ceramics, brewing, and printing and packaging stocks were among the gainers. A market summary from Gate News described a rotation toward banks, airports and highways during the afternoon, while several technology and artificial-intelligence hardware shares weakened. More than 4,600 stocks declined, according to the same report, indicating that the pressure extended beyond the benchmark's headline move.

Policy support remains in focus

The People's Bank of China said it would step up counter-cyclical adjustment, support domestic demand and improve supply in its third-quarter monetary policy report. As reported by China's State Council Information Office, the central bank also pledged ample liquidity and targeted support for technological innovation, smaller companies and key infrastructure. The market's decline shows that these commitments did not prevent a cautious session for mainland equities, particularly in growth-sensitive areas.

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