Shanghai Composite closes 1.08% higher at 3,638.03
Published on 11/02/2026 at 13:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSShanghai stocks rebound on support signals
- The Shanghai Composite closed at 3,638.03 points on November 2, gaining 1.08 percent.
- Reports of further Chinese measures to support capital markets helped sentiment, while the People's Bank of China announced a swap operation for financial institutions.
- Turnover in stocks covered by the Shanghai and Shenzhen benchmarks increased to about 1.8 trillion yuan.
The Shanghai Composite recovered on Monday, November 2, as reports of additional policy support helped Chinese equities rebound. The index closed at 3,638.03 points, up 1.08 percent, according to Xinhua.
Policy signals support the rebound
Market sentiment benefited from reports that Chinese financial regulators were discussing ways to support the capital market with financial institutions. A Reuters report carried by MarketScreener said the People's Bank of China planned swap operations with financial institutions on Tuesday that could inject more than 100 billion yuan into the stock market. The report also linked the market recovery to expectations of supportive policies after a difficult October for Chinese equities.
Turnover rises as sectors diverge
Trading activity increased alongside the advance. Xinhua reported that turnover in stocks covered by the Shanghai and Shenzhen benchmarks reached about 1.8 trillion yuan, compared with 1.69 trillion yuan on the previous trading day. The AI comic drama and gaming sectors led gains, while precious metals, banking, coal, and oil and gas stocks declined.
The session illustrates the market's sensitivity to policy signals: the index advanced even as investors continued to assess the strength of the domestic economy and the prospects for a broader recovery. For ongoing coverage of the Shanghai Composite, see the Shanghai Composite topic page.
