Shanghai Composite falls 1.44% to 3,599.02, STAR50 down 5.48%; CSI 300 posts worst month since 2016; onshore yuan closes at 6.6557.
All three major A-share indices fell on 30 October. The Shanghai Composite closed at 3,599.02, down 1.44% and below 3,600; the Shenzhen Component at 10,833.78, down 2.73%; ChiNext at 2,413.63, down 4.13%; the CSI 300 at 3,985.50, down 1.39%; and the STAR50 at 1,160.84, down 5.48%. Turnover in Shanghai and Shenzhen was about 1.67 trillion yuan, some 118 billion yuan more than the previous session, with 893 stocks rising, 4,602 falling and 86 limit-down. Securities IT, short-drama, optical-module, cinema and telecoms stocks led losses, while liquor, contract research, shipping and ports, food and beverage and banks rose. Reuters said the CSI 300 booked its steepest monthly loss since early 2016 amid a global AI selloff and was set for a record 12th straight weekly decline. The yuan's central parity was set at 6.7138 per dollar, 9 pips stronger and the strongest since February 2023; the onshore yuan closed at 6.6557 at 16:30, up 64 pips, and the offshore yuan traded around 6.650 near 17:00. Reuters said the onshore yuan hit its strongest in more than four years intraday, up about 5% this year and heading for a fourth straight monthly gain.
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