The Shanghai Composite added 6.13 points or 0.22% to 2852.35 on Friday, closing 1.37% higher for the week. Investor sentiment was cautious as President Donald Trump plans to make an announcement in response to China’s new security legislation for Hong Kong later today. Further weighing sentiment was news that Washington will introduce legislation that may scrap or weaken a law that has protected internet companies, with the attorney general office beginning drafting legislation immediately. Meantime, the Hang Seng Index lost 177.6 points or 0.77% to 22955.16, trading 0.09% lower for the week.
Historically, the China Shanghai Composite Stock Market Index reached an all time high of 6124.04 in October of 2007. China Shanghai Composite Stock Market Index - data, forecasts, historical chart - was last updated on May of 2020.
The China Shanghai Composite Stock Market Index is expected to trade at 2764.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2519.54 in 12 months time.