Analyst recaps Chinese stock market's Thursday performance

Chinese stocks closed lower on Thursday, with the benchmark Shanghai Composite Index down 1.18 percent to 3,573.21 points.

The Shenzhen Component Index closed 1.73 percent lower at 11,009.77 points.

The combined turnover of these two indices stood at about 1.94 trillion yuan (about 271.35 billion U.S. dollars), up from 1.84 trillion yuan the previous trading day.

Stocks related to glass and bio-pharmaceutical sectors led the gains, while stocks in the nonferrous metal and furniture industries suffered major losses.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 1.66 percent to close at 2,328.31 points on Thursday.

Liu Zhaoqin, a market analyst and business reporter for China Global Television Network (CGTN), recapped Thursday's Chinese stock market performance, with analysis as follows:

The Shanghai Composite Index closed at 3,573, down around 1.18 percent, while the Shenzhen Component Index ended at 11,009, down about 1.73 percent. In terms of sectors, AI computing power-related stocks collectively strengthened. Liquid-cooled server stocks led the gains, with multiple stocks such as Guangdong Suqun New Material and Envicool Technology hitting the upper limit. Pharmaceutical stocks were also active collectively, with Hunan Nucien Pharmaceutical hitting the upper limit during trading hours. The steel sector experienced a full-day pullback, with Inner Mongolia BaoTou Steel Union registering a significant decline.

Analyst recaps Chinese stock market's Thursday performance

The UN must resolutely defend the victorious outcomes of World War II and reject any attempt to revive militarism, said China's Deputy Permanent Representative to the United Nations Sun Lei on Thursday. 

Sun made the remarks to the UN General Assembly (UNGA), following UN Secretary-General Antonio Guterres who addressed the meeting on priorities for 2026.

Guterres emphasized the three principles that guide the world body's work in 2026: adherence to the UN Charter, peace with justice -- peace between nations and peace with nature, and unity in an age of division.

All nations must resolutely uphold the purposes and principles of the UN Charter, said Sun.

"The UN must resolutely defend the victorious outcomes of World War II and uphold the post-war international order, firmly oppose unilateralism and hegemony, and reject any attempt to revive militarism," he said.

The Chinese envoy said countries must advance the three pillars in a balanced manner.

"Peace and security, development, and human rights are mutually reinforcing, and none should be neglected," he said.

He also stressed reforming and improving global governance. 

"China will work with all parties to firmly support multilateralism and the international system with the UN at its core, maintain peace, promote development, and advance the building of a community with a shared future for humanity," said Sun.

UN must resolutely defend victorious outcomes of World War II: Chinese envoy