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Chinese shares close lower Friday

China

China

China

Chinese shares close lower Friday

2026-02-06 17:41 Last Updated At:02-07 12:33

Chinese stocks closed lower on Friday, with the benchmark Shanghai Composite Index down 0.25 percent to 4,065.58 points.

The Shenzhen Component Index closed 0.33 percent lower at 13,906.73 points.

The combined turnover of these two indices totaled 2.15 trillion yuan (about 308.95 billion U.S. dollars), down from 2.18 trillion yuan on the previous trading day.

Robotics and solid-state battery stocks led the gains, while shares related to tourism and AI applications suffered major losses.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 0.73 percent to close at 3,236.46 points Friday.

The STAR Composite Index, which reflects the performance of stocks on China's sci-tech innovation board, closed 0.34 percent lower at 1,753.61 points on Friday.

Chinese shares close lower Friday

Chinese shares close lower Friday

International cruise ships brought more than 8,000 tourists to Shanghai over the past weekend, underscoring the growing momentum of the city's tourism market.

Last Saturday, two cruise ships, the Spectrum of the Seas and Mein Schiff 6, arrived in Shanghai with nearly 6,000 tourists, setting a new single day record for daily inbound arrivals at the city's Wusongkou International Cruise Terminal.

Two more ships, the MSC Magnifica and Adora Magic City, arrived the next day, docking alongside Mein Schiff 6. For the first time this year, the terminal received three cruise ships docked simultaneously.

Impressed by China's customs services, tourists shared their feelings after landing.

"The service is very good, very fast. Everything is very quick," said a tourist.

"We're going to Disneyland. It's a cool trip," another tourist expressed her expectations.

During the two-day period, Shanghai port handled more than 20,000 passenger entries and exits, more than half of which were made by international travelers. Over 90 percent of them are benefiting from the visa-free policies.

"[I traveled from] Chengdu to here. I'm here to Beijing and Beijing to the UK," a tourist talked about his schedule, whose destinations in China all covered in the visa-free policies.

"Very good, excellent policy, and anything that reduces the amount of time. We had a week in ten days in China already, then we're gonna come back into the city to do some shopping," another senior visitor said.

Authorities have also introduced measures to improve the visa process.

"To ensure a smooth entry, officials will get on the ships in advance to perform inspections. So, passengers can start their trips as soon as they disembark. While at the airports, we have also provided an online submission system for arrival cards. That will also save their time," said Zhu Xiaoxiang, Deputy Director of Immigration Inspection Division under Shanghai General Station of Immigration Inspection.

So far this year, Shanghai's customs and immigration agents have processed more than ten million visitors, with 305,000 international passenger trips through cruise terminals, marking a prosperous tourism market.

Over 8,000 cruise passengers touch down in Shanghai, providing major tourism boost

Over 8,000 cruise passengers touch down in Shanghai, providing major tourism boost

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